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by GreaterFool 3768 days ago
Now that TC announced it, it's official people! Time to close shop, pack your bags and leave.

Startup gold-rush is anything but over. Tell me this: if not into startups, where will the money go to find possible returns? Negative interest rates, oil price can't find the bottom and stocks aren't really going anywhere either. So where will this money go?
4 comments
jMyles 3768 days ago
> Now that TC announced it, it's official people! Time to close shop, pack your bags and leave.

I had the same thought - TC is pretty much an eye-roll-and-move-on for me at this point.

However...

> Tell me this: if not into startups, where will the money go to find possible returns? Negative interest rates, oil price can't find the bottom and stocks aren't really going anywhere either. So where will this money go?

I think that the point here isn't that entrepreneurship is suddenly dead, but rather that

> [the big players] have co-opted the same technologies startups used to attack them” and so “until there is another fundamental technology disruption, the window of opportunity for startups is limited to more traditional markets with less competitive players.”

The various *AAS models may be coming to the end of their usefulness as a disruptive media, but there's plenty of "fundamental technology disruption" ahead: mesh networking, crypto-blockchains, embedded, VR, and on and on.

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eggie 3768 days ago
It will go into the giants, for whom the zero interest rate regime provided exactly the right conditions to monopolize by buying up their competitors. Things will only get more extreme in this regard until we accept that change is beneficial and let the giants.

The article provides no clear metric for success, just impressions based on brand success. Things are not so rosy for its darlings as it implies. A price to earnings ratio of 70+ is quite a risk, no matter how sure it seems that such a company becomes a permanent monopoly. I feel that the low (now negative!) interest rates offered by central banks are fueling a huge bubble in the valuation of these companies.

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venomsnake 3768 days ago
Vancouver, Mayfair, Manhattan, San Francisco
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marcosdumay 3768 days ago
The usual way that this unfolds is that first the money disappears (into thin air, exactly where it came from earlier), and then investments dry up.

Has the US experimented monetary deflation since the half of last year?

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