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In some ways we think the 1% are a bunch of undeserving assholes who are screwing things up for the rest of us. We see Valleywood as a huge bubble and, just lik
by davidhansen 15y ago
In some ways we think the 1% are a bunch of undeserving assholes who are screwing things up for the rest of us. We see Valleywood as a huge bubble and, just like Hollywood, it often looks shallow, vain, and like nothing more than novelty from the outside.
They are, and it is. The bubble will pop, and those of us who managed to build sustainable businesses without the benefit of setting huge piles of other people's money on fire will be very well positioned to take advantage of the carnage.
Patience is rarely a virtue in the startup world. But in this case, it is. Keep building.
- billpatrianakos 15y agoI often think that way too but I worry that if the bubble pops it could actually make things harder for those of us who have sustainable businesses. Not everyone can afford to bootstrap and sometimes you have to take a loan. Now, I haven't and I have no plans to but what if one day in the future people like us get to a point where it actually makes sense to have some investors on board (responsibly, of course) but by that time the bubble bursts and we're left with nothing even if we are a good investment? Maybe I'm wrong and it's that envy in me that wants to get to that point.