"The incestuous startup ecosystem that largely consisted of over-funded bullshit companies buying services from each other is done."
Bravo. Rarely do I see this mentioned. Much of the B2B sales by so-called "tech" companies are to other so-called "tech" companies.
It's also possible that many but certainly not all of computer users that spend significant amounts of money on goofy intangibles like subscriptions and "cryptocurrency" are in fact people working for so-called "tech" companies. Not representative of the general public.
"From this perspective most VC investments aren't about creating value but about strip-mining FLOSS projects and communities. The scale is for extraction."
Even a small rise in interest rates sent these VC into panic mode. Without free money (zero interest debt), the strip mining operation comes to a screeching halt.
The US economy has been recovering nicely now that the brake has been put on this nonsense.
Bravo. Rarely do I see this mentioned. Much of the B2B sales by so-called "tech" companies are to other so-called "tech" companies.
It's also possible that many but certainly not all of computer users that spend significant amounts of money on goofy intangibles like subscriptions and "cryptocurrency" are in fact people working for so-called "tech" companies. Not representative of the general public.
"From this perspective most VC investments aren't about creating value but about strip-mining FLOSS projects and communities. The scale is for extraction."
Even a small rise in interest rates sent these VC into panic mode. Without free money (zero interest debt), the strip mining operation comes to a screeching halt.
The US economy has been recovering nicely now that the brake has been put on this nonsense.