During my research, I stumbled upon an interesting article where Christopher Mims presented his interesting view on Silicon Valley VC funding startups, published in The Wall Street Journal on July 6, 2014.
What has been funded lately in Silicon Valley?
Social networks that allow you to send only the message “Yo” to your contacts.
Food-delivery services valued at $400 million.
Startups that deliver rolls of quarters to your home (just $27 for $20 in change!).
It isn’t hard, looking at a lineup like this, to conclude that Silicon Valley has jumped the shark. The entire Bay Area appears to have given up on solving anything but its own problems: those afflicting the same 20-somethings who are building these startups.
That’s a pretty cynical take on what’s going on in technology.
And what about Google and Facebook buying everything in sight for billions?
But, to my surprise, the partners of one Silicon Valley venture-capital firm made the very same case to me: That their kind had lost its way—and, in the world of startups, money wasn’t flowing where it should anymore.