[ajross]

See, that's exactly the attitude that's prevailed for the past 6 years or so. And what I'm saying is that to me that's clearly a rationalization. It's something the finance bros tell themselves to explain why the stuff they like (dealmaking) is more important than the stuff they don't (making stuff people want).

Interestingly, we've been here before, in the hangover of the dot com boom. And what lifted us out of that mindset was... Y Combinator. Now? YC is maybe the biggest single part of the problem. Just go look at their funding list for the last 3-4 years and genuinely think on how many of those ideas really need the kind of funding you're imagining.

[asimpletune]

Yeah, this is ultimately very much needed. A recession is a great time to start a business of you're smart and focused on solving problems.

[xwdv]

Not sure what you’re proposing. Y Combinator was started for a different era, those days aren’t coming back until there’s a new greenfield catalyst for some engineers to build on, where simple implementation of some new tech can birth huge businesses quickly, with little existing competition.