I seriously hope that the people asking the government for a bailout revisit their past policy positions and offer the same empathy to others going forward that they are asking for themselves right now.
Show examples.
I'm a founder of an Indiana based tech startup. What people in flyover states don't like is seeing stuff like Theranos. They also don't understand operating businesses for 10 years that lose billions. People here do not see the "tech sector" as evil: every flyover state has programs to attract and create tech sector companies. If anything there is a bit of envy combined with a simmering rage when we get bus-rolled for not having a great high-tech workforce, when Purdue, Notre Dame, IU, and other Midwest universities are cranking out fantastic engineering and business management talent that gets pulled to the coasts for big starting salaries.
> Perhaps the tech sector will have enough political capital to ensure they get to dump their losses on the public they loath,
I don't think that is what is being asked for at all. It's more of a "fix this before it hurts everyone". The Fed raising interest rates too quickly is the root cause of SVBs problems, and those rate changes may be doing the same thing with the small, community banks that flyover country agriculture and manufacturing relies on heavily. Hopefully SVB is the end of it... but this situation is not a "tech sector" issue. It's a banking problem caused by the Fed changing the rules to quickly.
> it's going to come at a great political cost for those who go along with it.
Not doing everything that can be done to fix this quickly will be politically un-affordable.
Good for you starting a tech company outside the tech meccas, it's a hard road. Remote work might help you. In an remote work world, you are on a level playing field.
As it relates to the SVB bailout. There's a strong libertarian streak in SV. While it might be entertaining to watch the hypocrisy unfold, I'm pretty certain these folks read hackernews and I'd like them to have a bit of self reflection about the role of government now that SVB has imploded.
Thanks. I think the hard road is getting easier every year. Access to capital is getting better, and as you said, remote work has been a game changer for talent.
> I'd like them to have a bit of self reflection about the role of government now that SVB has imploded.
What is remarkable is how much government intervention went into creating SV. You'd never know from listening to the scene. Regardless, I hope that the SVB situation ends well for everyone and we can get back to work building things that matter.