The Tech Gold Rush Is Over. Where's the Next One?

Re:The Tech Gold Rush Is Over. Where's the Next One? by Devasta on Friday November 03, 2023 @05:51PM (#38135465)

If I go away and invent some cool widget tomorrow that becomes popular, I now need to start looking at additional assembly lines, parts suppliers, customs forms, and all that stuff. If I have some stupid software bullshit, like ChatGPT for cats or something, it can be as easy as putting a credit card into AWS to serve double the customers in seconds.

So long as that is the case, there'll always be pile of VC cash looking to jump into tech.

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Re:The Tech Gold Rush Is Over. Where's the Next One? by tempsy on Friday November 03, 2023 @06:09PM (#38135686)

I think the claim is it's harder to win the startup lotto now than in the 2010s, which I can see being the case, with the exception of a small number of AI cos.

And at big cos it's harder to jump around as a means of increasing compensation than it used to be.

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Re:The Tech Gold Rush Is Over. Where's the Next One? by ahmedhosssam on Friday November 03, 2023 @06:26PM (#38135863)

This article was written in 2007: "Why to Not Not Start a Startup" http://www.paulgraham.com/notnot.html

It says in 7.No Idea: > We're going to let people apply with no idea at all. If you want, you can answer the question on the application form that asks what you're going to do with "We have no idea." If you seem really good we'll accept you anyway. We're confident we can sit down with you and cook up some promising project.

And we all know this is never gonna happen these days.

So I think the claims of this article are not valid in 2023 right? Or at least most of it, especially something like "If you don't have an idea just apply and we will give you one!”.

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Re:The Tech Gold Rush Is Over. Where's the Next One? by woleium on Friday November 03, 2023 @06:13PM (#38135717)

Don’t forgot gets harder to jump around the older you get too, so there is likely some bias there.

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Re:The Tech Gold Rush Is Over. Where's the Next One? by tempsy on Friday November 03, 2023 @06:22PM (#38135818)

No this is true of most people. Offers have come down in general from the crazy 2021 peaks. Companies know they have leverage right now.

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Re:The Tech Gold Rush Is Over. Where's the Next One? by xnx on Friday November 03, 2023 @06:54PM (#38136146)

> some stupid software bullshit, like ChatGPT for cats or something

I'm sorry to tell you that "CatGPT" is already a crowded field with many parody entrants.

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