> You have more and more people entering the market working on things because they think it will flip for ${MAX_INT}, not working on products they genuinely believe people want, or will pay for.
Do you have any actual examples of this happening?
I'm not saying there aren't people starting companies because they want to get rich, but I don't think it's happening in the droves that people make it seem like it is. I'm as pessimistic about the whole SV culture as they come, to the point of moving away in two weeks, but even I can't say I've met many, if any, people who seemed to be generally disinterested in what they were building, only doing it because they thought they could flip it.
> "Do you have any actual examples of this happening?"
As a guy who hangs out at a number of SF-area meetups and startup events (free booze and food? count me in) I have met many startup employees and founders who freely admit to this.
For the most part people are interested in the work they're doing (big scalability issues, big data problems, etc), but many people are in it for the money (either ludicrous SV salaries or the hope of a massive flip) and don't genuinely believe in what their product does.
I think this is the attitude OP was railing against, and I'm inclined to agree. There are some damn smart cookies in this town, most of whom are incredibly well paid and mobile - to work on something you don't believe in... that seems incredibly wasteful.
Do you have any actual examples of this happening?
I'm not saying there aren't people starting companies because they want to get rich, but I don't think it's happening in the droves that people make it seem like it is. I'm as pessimistic about the whole SV culture as they come, to the point of moving away in two weeks, but even I can't say I've met many, if any, people who seemed to be generally disinterested in what they were building, only doing it because they thought they could flip it.