Anecdotal reasons. While being quite far from the programming world myself, I have multiple old friends living and working on the other side of the country in the belly of the beast in San Francisco.
One just recently quit a large well-known company and is looking for another place to work, and complained to me recently that every place she talks to doesn’t actually talk about business models or product plans but instead spouts platitudes and overwrought claims of near-cosmic significance that seem to have specifically evolved to extract venture capital money rather than actually fulfil a need or produce a profitable business.
Another is stably working at a small company that actually does have a stable profitable business model, but often complains to me about how the majority of the people he works with or meets in that field have extremely inflated ideas about the amount of value they are actually generating and sometimes wonders when the investors as a general class will figure out how badly they are being played.
Good question. Do you have reason for thinking so, as opposed to the trend being driven by a shift in fundamentals?
Anecdotal reasons. While being quite far from the programming world myself, I have multiple old friends living and working on the other side of the country in the belly of the beast in San Francisco.
One just recently quit a large well-known company and is looking for another place to work, and complained to me recently that every place she talks to doesn’t actually talk about business models or product plans but instead spouts platitudes and overwrought claims of near-cosmic significance that seem to have specifically evolved to extract venture capital money rather than actually fulfil a need or produce a profitable business.
Another is stably working at a small company that actually does have a stable profitable business model, but often complains to me about how the majority of the people he works with or meets in that field have extremely inflated ideas about the amount of value they are actually generating and sometimes wonders when the investors as a general class will figure out how badly they are being played.