You're right, it (if we're talking about VC) isn't something special. And a highly specific, narrow way of bringing something into being that makes no sense a lot of the time.
Living in San Francisco, you hear just how narrow this focus gets, with 20-somethings walking down the sidewalk making conversation about how to monetize this public accommodation or that human impulse. It strikes me as an odd mixture of funny and repellent, and at least some of those folks will grow up someday.
It does mean a lot of folks are concentrating on a crowded path that smart people will avoid. I mean, sure, if your big idea is in enterprise storage or EV, that's not happening with investment. A recommendation website? If you're not building to flip (which would be stupid anyway), it would be crazy to go begging to build.
Living in San Francisco, you hear just how narrow this focus gets, with 20-somethings walking down the sidewalk making conversation about how to monetize this public accommodation or that human impulse. It strikes me as an odd mixture of funny and repellent, and at least some of those folks will grow up someday.
It does mean a lot of folks are concentrating on a crowded path that smart people will avoid. I mean, sure, if your big idea is in enterprise storage or EV, that's not happening with investment. A recommendation website? If you're not building to flip (which would be stupid anyway), it would be crazy to go begging to build.