Krishwords

Mike Arrington has this rant about what is happening in the valley

Times are good, money is flowing, and Silicon Valley sucks.

I don’t know what it is, but the same thing happened in the late nineties before the bubble burst. Lots of startups got funded that made no sense but people got excited anyway. A unique, beautiful and well executed idea was not a story worth talking about until that first round of big, eye-popping capital. People become more anxious, and more likely to snap at someone in anger or jealousy. Rumor mongering spikes, and a crucial balance is lost. It’s no longer about beautiful products and genius developers. It’s about the money and the status, and hot PR chicks and marketing departments.

I have to agree with him. Silicon Valley does look like how it was before the great dot com bust. Every dude next door has a “Web 2.0″ company churning out a product with whatever coding skills he/she has. The PR hype and parties everywhere reminds me of whatever we saw in the late 90s boom. Things need to cool down sometime pretty soon. Too much cacophony kills real innovation. We got Google, Amazon, etc out of the last bust. At that time, Silicon Valley got rid of “my boyfriend has got a dot com company syndrome” and started seeing real and consolidated innovation. It is time again for a slowdown so that we can absorb the “innovations” of the last couple of years into the mainstream and then get into a new cycle, again in a few years.