YouTube disallowing adblockers, Reddit charging for API usage, Twitter blocking non-registered users. These events happen almost at the same time. Is this one of the effects of the tech bubble burst?
YouTube disallowing adblockers, Reddit charging for API usage, Twitter blocking non-registered users. These events happen almost at the same time. Is this one of the effects of the tech bubble burst?
I was in the Tech game back in the late 1990s and in the Tech Startup game recently and this time around it’s not techies that are Startup Founders, it’s people from Sales, Marketing and Finance.
The whole “making something cool” ethos of Tech has been replaced by “Find a market niche that you can grow in until you have an exit strategy (IPO or sale to a larger company)” or in other words, make a company that looks like an infinite growth venture and sell it to some suckers for a ton of money.
As it so happens I was in Investment Banking in between those two periods in the Tech industry and immediatelly recognized the same spirit as in Investment Banking when I went into Startups in the late 2010.
At least the previous generation was driven by the “play with computers” drive. This one is all about borderline fraud (often outright fraud - just think Theranos or all the “coin” “tech startups”) in the pursuit of personal upside maximization.
Tech bro is a derogatory term for a reason. It’s still just a bro. Generally a cis genedered heteronormative affluent white male. With all the worse parts of MBA culture. Certainly they’re sales, marketing and finance types. But they want to be tech adjacent to disrupt the market. They like to portray themselves as techies but are actually about get rich quick schemes. Their one and only interest on NFTs, crypto, AI and all tech in general is how can it enable them to exploit others into making them billionaires.
I heard the same about the movie industry: it used to be run by movie people, now it’s run by finance people. The greedy producers of old came from the industry and understood the business; today’s greedy producers don’t understand anything about movies, so if you’re pitching them a project, you need to speak their language: here’s a market niche, here’s similar projects that have been profitable, here’s the return on investment we can expect.
I wish i knew how true that is, but it does seem to explain a lot of what we see from Hollywood these days.