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It's a good thing some people actually shoot for the stars so that they build platforms that enable people like you who don't like to gamble to build small profitable apps living a healthy lifestyle. If nobody shot for the stars, we would be stuck at the stone age.



I call VC-istan bullshit.

Why exactly does building enabling IT platforms (let alone other technological advancements) require multiple rounds of funding from outside investors and a pathological focus on growth with no regard for sustainable structures and profitability?


I find this entirely unpersuasive. Most of the things that are getting funded by VCs are not shoot-for-the-stars world-changers. Look at the list of recent funding announcements:

http://www.crunchbase.com/funding-rounds?page=1

Mobile-PC syncing of videos. Mobile-PC syncing of contacts. A way to save your child's artwork. Yet another payment solution. Yet another e-signature solution. Fine businesses, I'm sure, but nothing that's worth dying for.

The Silicon Valley hype cycle creates a lot of unnecessary drama. I can agree with you a little, in that people doing big things will sometimes experience big drama. But too many people, VCs included, work that equation backwards: big drama is a great indicator of doing big things!

As far as I can tell, most of the drama is just macho idiocy.


I don't see the author saying otherwise anywhere.




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