So they made their decision, everyone can move on. I just hope nobody forgets how prominent VCs behaved during the brief period of uncertainty. The idea of some noble class of investors championing disruption is dead. They're just a bunch of rent seekers like everybody else. For some silly reason I had some respect for the startup industry before this, now I see it as a joke.

It's great at a personal level that "founders" and startup employees didn't have to do without. But it's important to remember that they no longer automatically deserve any credit for taking risks and doing something new. It might as well be a bunch of FAANG employees

The thing I'm most confused about in this comment is that you ever believed that VC's and startups were some kind of noble class.

EGreg

I used to believe it until about 7 years ago, when I started to build an open source alternative to the rentseeking Big Tech industry. Too much of Web2 and Web3 was based around the profit motive, and no one stuck around long enough to replicate their stack and give it to the people:

https://github.com/Qbix/Platform

https://github.com/Intercoin

I believe in gift economies (science, wikipedia, open source) being superior to capitalism and private ownership of platforms.

Instead of Zuck, Elon and Bezos we could use more Linus, TimBernereLee and Vitalik.