I see this attitude all the time in SV techies - lets just ignore the finance because its all chatter anyway. Frankly, this line of thinking is counter-productive and quite dangerous. Macro matters much more than slapping together some code to build widgets people will want & will pay for. For one thing, most of those people who want & will pay are getting their dough from boring non-tech ventures affected entirely by macro. When things head south, people will batten down the hatches. They will neither want nor pay for, because they simply can't afford to. All of this wanting and paying for is mostly discretionary spending driven by a upbeat macro signalled by IPO markets & especially FB. Once those signals flash red, the wallet stays shut. No more app store purchases, cloud drive subscriptions, ipads, servers, what-have-you. Huge giants ( Sun, SGI, Cray...) fell by the wayside because they collectively put their head down & built what they thought people would want & would pay for. People did want those things initially, but once the economy went into a tailspin, the dot in dotcom became the dot in dot-bomb. I still have those Sun tshirts proudly proclaiming our red hot dotness. I wear them on the weekends when I take out the trash. The kids snigger and say "dot in dot com...wtf ?" and I realize...yeah, wtf were we thinking.
Well our country and economy is already over inflated with debt, so it wouldn't be such a bad thing if discretionary spending halted.
really, would that be such a bad thing to the overall economy? People tightening their spending, instead of recklessly borrowing debt, and buying nice things that ultimately aren't necessary? I guess if you're a company that targets discretionary spenders, you're doomed.
What's wrong with building stuff people want and selling it for a price they want to pay? That seems to work in all non-tech industries, especially ones that are not used to raising any money or going public. Indeed, isn't that how most business works?
