Yeah, the level of indignation and self-righteousness in the comments on HN (and not just in this thread) seems to have gotten worse lately. Maybe time for me to take a break from HN for a bit...
Yeah, the level of indignation and self-righteousness in the comments on HN (and not just in this thread) seems to have gotten worse lately. Maybe time for me to take a break from HN for a bit...
My theory is there's a lot of resentment of the successful. We're seeing a new generation of engineers enter the workforce that never got to participate in the previous booms, and it's not as easy to make it big as it used to be.
What? It's so much easier than it used to be. Between low interest rates, QE policies and the latest corporate tax cuts, equity markets are booming and it's easier than ever to get bought. And the actual process of building a company is also easier. Between accelerators like YC and Cloud providers, the path from idea to getting acquired is shorter than it's ever been. You just have to adjust the goal posts a bit. It's may be harder now to IPO and become and independent company with the outsized influence of one of the FANGs, but achieving generational wealth by being acquired by one of those companies is routinely done in just a few years.