Star Simpson

Having been on the opposite side of these narratives, I think startup sniping is a lazy and intellectually dishonest hobby.

I see your point, but I’m also troubled by the other extreme of Assume It’s A Good Idea Until Proven Otherwise

since so many resources (money, people, time) can be spent on stuff before a bad idea finally gives up the ghost

I think this worldview is incorrect, but smarter people than I, like you and @seldo, disagree with me. Would have this discussion in person!

Short version: VC exists to enable risk. Without it, there is less tech. Risk is good, failure happens, many good ideas looked bad at first.

Agree in principle, don’t see it played out so well in practice. Similar to defense programs - they get funded and re-funded much longer

than they should because of ego of those funding; don’t want to admit failure, or lose future funding ops. So feedback mech is broken.

And that’s my concern with where we are on startups atm - bubble-ish. Very hypey. “Fail often” doesn’t seem to be happening.