Dave Rahardja<p>Ed Zitron’s previous piece “The Rot Economy” should be mandatory reading for anyone curious about the environment in which tech companies exist today.</p><p>“Venture pumps millions or billions of dollars into ideas that might sell a product or a service, but ultimately resemble things that can be sold to other companies or put on the public market for a profit higher than what was paid on a per-share basis. I once suggested that Silicon Valley conflated “making great ideas work” with “making ideas I like work,” but on consideration, many of these companies aren’t even things venture capitalists like - they are things that resemble things that they can sell. Do I genuinely believe that everyone who invested into the Web3 grift was a strident believer in the brave new decentralized economy? Hell no. They just went where the winds blew — or where they seemed to be blowing.”</p><p><a href="https://sfba.social/tags/tech" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>tech</span></a> <a href="https://sfba.social/tags/ventureCapital" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>ventureCapital</span></a> <a href="https://sfba.social/tags/lineGoesUp" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>lineGoesUp</span></a> <a href="https://sfba.social/tags/infiniteGrowth" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#<span>infiniteGrowth</span></a> </p><p><a href="https://www.wheresyoured.at/the-rot-economy/" rel="nofollow noopener noreferrer" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">wheresyoured.at/the-rot-econom</span><span class="invisible">y/</span></a></p>