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by throw_nbvc1234
1651 days ago
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"and then a massive collapse when people realize no one actually cares about this stuff for its intrinsic value" Except for the 1% of products/services that people recognize do have value even after the collapse. What percentage of YCombinator start-ups make it? What's the percentage if you include all rejected applications? What's that percentage if you expand it to "web2" companies that didn't bother to apply to YCombinator or failed before they even got to that point? Or from a more historical lens, what percentage of companies survived the dotcom crash? It's likely that most of the web3 products you see today will inevitably not survive. I would guess the percentage that survives a massive crash will be 1 or 2 orders of magnitude lower for web3; especially considering web3 is in its infancy. But the number of ideas/products could be higher for various reasons. Until regulation catches up, the number of scams will inevitably be higher as well. The ethical parts of web3 should welcome regulation even though other parts of it never will and probably will never be forced to (depending on where they live). The narratives that web3 is going to "take over the world and become the new normal." or that it;s all just going to go to zero are 2 extreme views. It's a set of technologies that will find it'sb(large or small) niche and do well there; everywhere else, the advantages that centralization brings will enable those central solutions to win. |
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Additionally, what percentage of YCombinator start-ups that make it rely exclusively on infinite investor money?