Silicon Valley’s Unbridled Euphoria Runs into Economic Reality

A lot of the doom and gloom around tech startups is based around the idea that being profitable is now an important metric.

Previously growth was the most important metric, and figuring out how to monetize users could happen later.

This really isn't that bad. The evidence presented are one D2C alcohol startup shut down, and a couple companies pivoted to... charging for their services and not just pumping out memes. Could be worse.

Paywalled PR.

This article feels like a classic PR placement. It’s a little too heavy on promoting what institutional investors find useful: Having more control and power. It is very clearly advancing a point of view useful for drum roll people with the ability to place articles in the WSJ.

Suspect what is driving this is that VCs don’t add any value and just bring money. And everyone now has money.