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Why do so many e/acc people run boring B2B service startups?

3 points by tomato_123 ↗ HN
I’m all for colonizing mars or whatever but whenever you drill into an e/acc Twitter guy’s background he’s always running/investing in the most banal corporate business imaginable. Slack but 0.5% better (AI powered!!)

And their customers are always other identical companies, sloshing VC money around in a circle with no ex-ecosystem revenue. All of SV feels so sclerotic, including all the super disappointing LLM stuff.

2 comments

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JumpinJack_Cash
Normally, people do business in order to just make money and buy stuff.

Exceptionally, people do business in order to push the envelope forward.

Observationally, people analyze those who have pushed the envelope forward and evaluate if it's worth it.

Anecdotally, they see a bunch of monodimensional weirdos who have lost all connection with reality, stare into emptiness, and seem like they have completely lost it.

Naturally, people circle back to doing business just to make money and buy stuff.

PaulHoule
What's really depressing is that many of those companies are stuck in the trap of raising $X million dollars than raising $X million dollars and then another $X million dollars, and then yet another $X million dollars as opposed to the venture model where the company is growing and raising more with each round. The latter looks like it has the potential to go to the moon, the former is a company that is losing money and will keep losing money until it get acquired and put out of its misery.