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by hcks 981 days ago
Are these crappy, pointless startups (“a student raising 1 million on an idea”) in the room with us right now?
2 comments

That would be the peak of the cycle. We're at the point now where it's, "clever engineer who has domain knowledge in some niche goes out on his/her own to make something novel that could be leveraged inside an established organization but isn't worthy of being a full fledged business".
I think the contention is that there are fewer of them now than before the recent interest rate shock.
“Fewer risky investments being made due to economic conditions” Is a much less attention grabbing title