We've Hit Peak Theater (Broadway)

As someone who mostly left the business side of the theater world behind for the world of VC-backed startups in the mid-2010s, it’s very odd to watch my new world become so hyper-focused on figuring out how to be either profitable or at the very least much less unprofitable, rather than just throw money at the problem like they have for decades and hope the company becomes the next Facebook or Amazon, while my old one is taking the concept of pouring more money on the fire and hope they are the Hamilton to new extremes.

Difference boils down to the fact that VCs are dependent on low interest rates, while Broadway is reliant on old rich white people to invest with a eye on prestige and profits being icing on the cake.

This, plus the brief return of meme stocks and the resurgence of crypto, is making me wonder if the American economy still has a much larger bubble that’s soon to burst. And as a tech worker who earlier this year finally joined the rank of folks to get a layoff notice in recent years, that’s kinda scary.