alt Hacker NewsThat’s my main concern with the bubble as well. The economy functions better with diversity. There are so many industries that could use funding outside of tech and some that could use funding with some new tech approaches.
Just the sheer size of investment into a single idea should worry people. Diversity is very important.
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MisterMunchkin • today at 2:17 PM
Yeah when I see someone's slop project get a billion from YC for a product which clearly is going to flop, it sickens me. Imagine how much you could do with that kind of money. Everyone is funding total trash just to get on the AI bandwagon.
I think it's crowding out investment in things like housing. And lack of housing is economically killing the entire next generation of workers.