from Hacker News

“So many fakers in startup land today”

by peeyek on 12/19/16, 10:24 AM with 8 comments

• by ohstopitu on 12/19/16, 2:10 PM

  After reading [0] today, I feel happy that someone decided to write this up.

  Over the last year, I've seen a dozen colleagues who have created startups just to fleece money from VCs (if you can call them that) who have lots of money and no clue about tech in general (the ones who have seen shows like Silicon Valley, movies like The Social Network and Uber's evaluation and want to make a quick buck this time around).

  I don't believe there's a bubble, but if this continues, we'll soon have one real quick.

  [0] - https://www.saastr.com/22-reasons-i-wont-fund-you/

• by rdlecler1 on 12/19/16, 2:17 PM

  There's massive inflation in the valley. Too much dumb money chasing too many dumb ideas. Investors need to start stepping outside of the valley. If not funding to sociopaths will only increase.

• by jaypaulynice on 12/19/16, 7:09 PM

  In all honesty, you can learn a ton of things in 1 year doing a startup that you'd learn in 20 years working for a big company...even if it fails. Marketing, selling, talking to customers, coding, etc. In most big companies you don't get even close to the customer. A lot of investors started the whole idea of funding useless ideas, then now complain that everything is useless, yet everyone applauds.

• by gotthemwmds on 12/19/16, 6:55 PM

  What a great example of why Twitter is a terrible communication platform!

• by rhapsodic on 12/19/16, 6:48 PM

  Loved this one:

  > 10/it's like the year after the Blairwitch project in Silicon Valley, a legion of dopes running around pretending to make important films.