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Pessimistic thoughts on startups (2020)

55 点作者 jimhi大约 2 年前

8 条评论

bearjaws大约 2 年前
My pessimism in startups is how much its been gamified. Ycombinator has essentially created a class of people who are now chasing their achievements (unicorn status, Series A, B, C etc...) and the startup is only a means to that end.<p>This leads to a rat race by which instead of making the best product to solve the problem they originally intended, they try to market their company as best as possible to VCs.<p>The idea was always build something impactful and make it as profitable as possible via fulfilling your company&#x27;s mission. You can see the ramifications already in the last 2-3 rounds of startups, all of them looking for easy money &quot;uber for X&quot; &quot;AI for Y&quot;...
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infecto大约 2 年前
Building off of another question about VCs. I would go further up the chain, I am more pessimistic about Venture Capital and their parasitic relationship with to startups. Startups are in my opinion amazing and there are still many more ideas that are to be executed on. I have issue with the expectations that Venture Capital brings to the table.<p>The VC industry to me is in a state that Hedge Funds were prior to their free fall in 2008. You were a high networth individual, you put some money into a hedge fund to be part of the club and paid your 2 and 20. It was often not the best investment decision but it was fashionable. In the past 10-15 years it has become a similar trend. Now of course money has been cheap so there is an argument that due diligence is not as important in many of these investments...but I am curious about returns in VC funds for the past 5 years and going forward. Most of the IPOs that I can recall have been pretty lackluster and the underlying businesses&#x2F;economic models are pretty lackluster. Everyone was sold on XYZ being the next Google but that has not shaped up to be the truth.<p>I am not arguing that VC should not exist, same as Hedge Funds. I do think the industry is in a bad spot with how many poor investments were made. This easy money has spawned an entire industry of under performing startups with stellar employee benefits.
winstonprivacy大约 2 年前
&gt; Now a rich guy with no skills? He can afford to do whatever he wants, his time is worthless as this thought.<p>I came in expecting click bait and was pleasantly surprised.<p>This is brilliant.
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hashtag-til大约 2 年前
What I find amazing is that it doesn&#x27;t look like a superpower to see that some Startup makes no sense at all... and don&#x27;t really bring any &quot;revolution&quot; to some market, and yet they seem to have no problem getting funding and to carry on with their non-sense.<p>The most classical example I can think of is Juicero (remember that one?) - it&#x27;s not rocket science to figure out it that as an investor, it&#x27;s not very clever to put your money there.<p>I wonder why VCs and stuff make these dumb decisions, that even without any sort of &quot;market research&quot; it&#x27;s obvious it is pure BS, and yet there seems to be no shortage of idiotic ideas getting funding.
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fullshark大约 2 年前
Number 5 is huge, and I always think to this reddit post on the subject: <a href="https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;slatestarcodex&#x2F;comments&#x2F;9rvroo&#x2F;most_of_what_you_read_on_the_internet_is_written&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.reddit.com&#x2F;r&#x2F;slatestarcodex&#x2F;comments&#x2F;9rvroo&#x2F;most...</a>
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efficax大约 2 年前
&gt; 5. Authors and the smartest people of our time aren’t writing internet comments The internet, which we ALL read, including the smartest people of our time is written entirely by people with time to waste. Oh and marketers too. We have chosen to fill our head with their thoughts.<p>Although I&#x27;m definitely not one of those, plenty of the smartest people out there are posters. Posting is universal.
ModernMech大约 2 年前
&gt; The internet, which we ALL read, including the smartest people of our time is written entirely by people with time to waste.<p>I mean... tbf: <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;threads?id=alankay" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;threads?id=alankay</a>
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aldousd666大约 2 年前
The author needs to rethink point number 4. Investors&#x27; time is valuable, whether you like the idea or not. They can spend it listening to your pitch, or someone else&#x27;s pitch, but if you&#x27;re looking for funding even a minute of their time is more valuable to you than... cooking yourself dinner.
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