The entire Silicon Valley has the shoebutton complex. They think that because they’ve made money in IT and computer science, todays foremost profit centers, it qualifies them to talk about biotech, manufacturing, or energy. It doesn’t and their takes are often terrible.
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The prime examples of this are Musk and Paul Graham.
To me the prime examples are Y Combinator and Theranos. PG is smart and, look, you can call Elon a scammer and the monorail guy from the simpsons but he did make reusable rockets happen. He has his flaws but he knows his shit. He’s also not in Silicon Valley.
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You were just saying to Brent Beshore that "efficiency in markets and in value to the customer is driven by survival of the fittest, which means that weak entities need to fall out of the species," which I agree with. None of Musk's businesses make money.
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I’m not against losing money not debt. I’m generally anti-bailout. While I overall respect the work Elon does, I don’t support a bailout of any of his businesses. Call me crazy but I bet he gets through this crisis with either spacex or Tesla. Maybe both.
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