The two inflection points are correct and it's important to note that 2008 was a double driver: The investment banking world had a major contraction AND companies like Facebook were taking off. By the time that Facebook IPOs and ZIRP has turbo-charged venture investment, the transition is complete.
The two inflection points are correct and it's important to note that 2008 was a double driver: The investment banking world had a major contraction AND companies like Facebook were taking off. By the time that Facebook IPOs and ZIRP has turbo-charged venture investment, the transition is complete.
I would say that SV culture does still value "smart" - but it's a particular kind of engineering-oriented smart. Socially incompetent co-founder CTOs are still very much a thing - but they will be paired with a "visionary CEO" type who you know absolutely thinks of themselves as the second coming of Steve Jobs / Elon Musk/ Jeff Bezos.
The two inflection points are correct and it's important to note that 2008 was a double driver: The investment banking world had a major contraction AND companies like Facebook were taking off. By the time that Facebook IPOs and ZIRP has turbo-charged venture investment, the transition is complete.
I would say that SV culture does still value "smart" - but it's a particular kind of engineering-oriented smart. Socially incompetent co-founder CTOs are still very much a thing - but they will be paired with a "visionary CEO" type who you know absolutely thinks of themselves as the second coming of Steve Jobs / Elon Musk/ Jeff Bezos.