Someone from The Valley told me a couple (~8) of years ago that he didn't like the way SV startup culture had transformed. He argued that in the past, the culture of startups in the valley focused on innovation and disruption. VCs would fund moonshots and small teams doing crazy bew thing.
But nowadays, the valley looks more for "scalability' projects, things that will sell to millions of people.
He blamed the cost of living/hiring in the area. He mentioned that with a lower cost of wages and living. A pre-seed startup could go a long way with family money funding the moonshot.
I think it's sad that as you said even companies with large chunks of money aren't willing to spend in r&d as much as before. I guess a war is needed for that unfortunately.
But nowadays, the valley looks more for "scalability' projects, things that will sell to millions of people.
He blamed the cost of living/hiring in the area. He mentioned that with a lower cost of wages and living. A pre-seed startup could go a long way with family money funding the moonshot.
I think it's sad that as you said even companies with large chunks of money aren't willing to spend in r&d as much as before. I guess a war is needed for that unfortunately.