It's really hard to see anymore where the real money is made and what is a big facade. As it's really simple now to create a huge facade. Before it needed more work to show something big which was actually small. But now you can generate the show.
And there are actually some which are really big. But there are so many more overflowing the world with non existing businesses that it's hard to decipher what is real and what is not. It also makes learning from the successful ones way harder.
Reminds me of that joke with the two economists paying each other to eat shit from the street. In the end they accomplished nothing (actually it's way worse than that as they have eaten shit), still have the same amount of money as before, but made the GDP rise by twice that amount!
It's really hard to see anymore where the real money is made and what is a big facade. As it's really simple now to create a huge facade. Before it needed more work to show something big which was actually small. But now you can generate the show.
And there are actually some which are really big. But there are so many more overflowing the world with non existing businesses that it's hard to decipher what is real and what is not. It also makes learning from the successful ones way harder.
It's VCs playing musical chairs. Startup A from VC Y signs up for an "enterprise" plan to Startup B, also from VC Y, and vice versa.
Reminds me of that joke with the two economists paying each other to eat shit from the street. In the end they accomplished nothing (actually it's way worse than that as they have eaten shit), still have the same amount of money as before, but made the GDP rise by twice that amount!