[jparishy]

IMO the best innovations tend to happen when someone has their hands bound and has no other choices but to figure out a new way or die. Now seems like an incredible time for new models and startup paradigms.

To me I think VC's figured out a way to market a very specific way to build companies and convinced a lot of people it's the only way for 20-ish years. Then there was this sort of shift to selling to enterprise, I think because B2C got harder and easy money was the goal. By then a lot of enterprise design makers were probably in the networks of the people selling. There's a meme about YC-of-late being mostly companies that sell shovels to each other.

But when you optimize for enterprise, I think you end up losing a lot of diversity of opinion in where the value comes from, which leads to top-heavy companies.

My main issue is that after the ZIRP era I don't believe the money is gone or unavailable. It just seems to be hoarded for some reason. There is astronomical wealth out there that could be used for trying new economic models that compete with the last generation of VCs. But it isn't happening.

Maybe the next era of VC decision makers, the ones who themselves were funded on big bets, just don't have the same appetite for risk? Or maybe the era of "developing your brand" has made them not want to share their success? I'm not sure but it's weird to me.