If you’re good at building hype and have some connections, you can attract all sorts of investors hoping to get in on the ground floor of the next big thing.
Dan Olsen’s NFT video from a year ago summed it up well, I think (link). People with money to invest today want to repeat the insane growth in wealth brought about by computers, the internet, social media, etc. So they will basically gamble on any new ideas that have an air of plausibility to kick off the next boom.
What’s sad is there are plenty of actual problems out there that could be solved with software. Most of the time they’re not that ‘sexy’ and management is so blinded by greed that they throw away all the good opportunities.
Blockchain is gone, just like “space age”, “plastics”, “environmentally friendly”, “digital”, “computer controlled”. Every startup is including “AI” and “sustainable” in their pitch this year.
The past decade of the tech industry has felt very snakeoil-y.
INB4 “It always has been.”
If you’re good at building hype and have some connections, you can attract all sorts of investors hoping to get in on the ground floor of the next big thing.
Dan Olsen’s NFT video from a year ago summed it up well, I think (link). People with money to invest today want to repeat the insane growth in wealth brought about by computers, the internet, social media, etc. So they will basically gamble on any new ideas that have an air of plausibility to kick off the next boom.
What’s sad is there are plenty of actual problems out there that could be solved with software. Most of the time they’re not that ‘sexy’ and management is so blinded by greed that they throw away all the good opportunities.
I think it started with registry cleaners.
Those weren’t really pushed as a get-rich-quick scheme, which a lot of the hustle seems to be currently.
Oh, you’re thinking of crypto to junk. Nah, Fudge That.
Just say blockchain or AI and you’ve got the base of a startup these days
Blockchain is gone, just like “space age”, “plastics”, “environmentally friendly”, “digital”, “computer controlled”. Every startup is including “AI” and “sustainable” in their pitch this year.