The absolutely funniest thing will be if all these startups implode, but there is zero contagion and the rest of the world barely notices they're gone. The blow to their egos would hurt more than the financial losses. 🤣🤣🤣
Discussion
I don't think it's do simple, a huge number of them are doing useless BS. But some are solving truly important real world problems.
Few of them will "implode" many will simply be purchased for pennies on the dollar by larger companies and create more centralization of power of big tech companies rather than letting the evolution process of free markets runs its course.
The markets were never free
Nope! Never were, can't have a free market when a few men control the price of money.
I'm just pro decentralization.
Startups failing, not because of they'll own incompetence, but because their bank went under, causes more central of power in big tech.
It is their own incompetence to hold uninsured dollars in a single bank.