We clearly long passed the point where startup money has meaningful ideas to chase. So why the glut of it still?
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Replying to @Pinboard
What do you consider an idea? Something which sounds sexyfun or something which simply works as a business? If second, clearly those still exist in quantity. They’re funded daily, and sometimes exit and sometimes fold, but nobody writes about better insurance risk pricing.
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Why the glut of money? Quantitative easing, lots of money seeking better returns to meet commitments to stakeholders (pensions/etc), and the fact that Very Effing Improbable startups continue to build materially-sized businesses regularly.
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the first two answers are just re-naming the phenomenon, not explaining it. The last is simply false
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