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128 points taylorlunt | 2 comments | | HN request time: 0s | source
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alephnerd ◴[] No.44735147[source]
This is cyclical to a certain extent.

The same thing happened during Dot Bomb, the Great Recession, and even 2018-20.

Paul G's early blogposts on "ramen profitability" and entrepreneurship hold credence in these kinds of times, as these rightsizing moments do open opportunities to build challengers.

Behemoths like FB, PANW, SNOW, and SFDC were founded during the aftermath of the dot bomb and behemoths like Coinbase, Uber, DoorDash, and Stripe during the Great Recession.

Now that the barrier to building products and companies is much lower than it has been for years, we will see the next generations of rocket ships.

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gishglish ◴[] No.44735301[source]
> Coinbase, Uber, DoorDash, and Stripe during the Great Recession. Now that the barrier to building products and companies is much lower than it has been for years, we will see the next generations of rocket ships.

Oh great! I can’t wait for the next generation of unnecessary luxury apps that just provide another lazier way to be a good consoomer.

All while the few necessities that matter, housing, food, etc. become increasingly more expensive and less accessible.

replies(2): >>44735349 #>>44735527 #
wiseowise ◴[] No.44735349[source]
Okay, I'll bite.

> All while the few necessities that matter, housing, food, etc. become increasingly more expensive and less accessible.

What does this have to do with Coinbase, Uber, DoorDash, and Stripe?

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1. gishglish ◴[] No.44735374[source]
Bread and circuses
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2. ◴[] No.44736672[source]