←back to thread

128 points taylorlunt | 1 comments | | HN request time: 0.203s | source
Show context
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.

replies(1): >>44735301 #
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 #
1. bigbuppo ◴[] No.44735527[source]
So, all these people laid off from big companies that were doing real non-chatbot AI and ML research combined with robotics or other machine control to do things that would have changed the world for the better if the project hadn't been killed because it was only making zero billion dollars (the $999,999,999.99 they brought in doesn't count), are perfectly capable of working some place else that wants to, you know, do that farming thing they were working on, or shift gears to building machines that make housing affordable by reducing the labor costs by 75%.