This has been pretty much the way of the Tech Industry since the Internet bubble burst around 2000 - people who didn’t ride that bubble up to its peak were almost immediately trying to inflate a new bubble (along with some people who did ride that previous bubble up but wanted to make even more money) hence ideas like “Web 2.0” popping up already in the early 2000s.
It’s why the Tech Startup ecosystem has never again been the domain of naive techies trying to do cool stuff that it was in the 90s and now it’s all about Pitching and Networking To Find Investors and the Founders are mainly people from salesmanship-heavy backgrounds (Finance, Marketing, MBAs) rather than people from a STEM background.
The entire thing is now a machine to pump up investment bubbles.
This has been pretty much the way of the Tech Industry since the Internet bubble burst around 2000 - people who didn’t ride that bubble up to its peak were almost immediately trying to inflate a new bubble (along with some people who did ride that previous bubble up but wanted to make even more money) hence ideas like “Web 2.0” popping up already in the early 2000s.
It’s why the Tech Startup ecosystem has never again been the domain of naive techies trying to do cool stuff that it was in the 90s and now it’s all about Pitching and Networking To Find Investors and the Founders are mainly people from salesmanship-heavy backgrounds (Finance, Marketing, MBAs) rather than people from a STEM background.
The entire thing is now a machine to pump up investment bubbles.