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Is Silicon Valley Funding the Wrong Stuff?

I don't normally "link-list" stuff on this blog, but I felt this article hit a nerve for the kind of concerns I typically have for the tech industry.

Two good quotes:

The problem isn’t entrepreneurs.... it’s the venture capitalists who are funding them

And:

...the pursuit of advertising dollars includes about every startup that is going for scale first and says it will figure out how to "monetize" its users "once it has the eyeballs."

As always, there's more than one side to this story, but the more I hear and read about small startups getting insane VC capital, it makes me wonder when this bubble is going to burst worse than the original one back in the early 2000s. And as the article indicates, I'm not necessarily concerned about some of these goofy (Yo app) or bold (Uber) ideas, but rather the valuations these campanies are receiving.

Either way, read it.

https://defiantsloth.com/log/2014/7/11/is-silicon-valley-funding-the-wrong-stuff
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