Most of the stories in recent years that “show the hubris and excess of Silicon Valley” have zero recognized Silicon Valley investors
And they don't all show that much excess either. There's so much demand for such stories that wishful thinking combined with ignorance about startups can stretch a long way.
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Data point. Dreamworks SKG had $500M invested out of the gate on day zero. Even Wikipedia breaks up the artistic contributions into several articles.
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“The excess of Hollywood” just doesn’t hit the same way
End of conversation
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Silicon Valley has become synonymous with anything related to tech investing through synecdoche
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