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The Hubris Bubble
January 28, 2016
There's been a lot of talk about tech being in a bubble lately, making reference to the Internet bubble of 2000. I generally don't agree with this, however, I do think we've reached a Hubris Bubble.
This tweet conversation really sums it up for me.
In an environment focused on squeezing every last dollar out of every last visitor (can you say Growth Hacker?) it's mind blowing that the Pied Piper of startups would think being on a show that reaches millions of people, that gives you 10 solid minutes of free airtime, that spins off thousands and thousands of blog posts, news items, and tweets would be considered a waste of time.
This is how far away from reality we've gotten. How far we've moved from focusing on building great profitable companies.
How the only thing investors want is to have their name associated with something "world changing". Forget the idea of building a strong future for you, your employees, their families, their communities, the world at large.
It's about the ego of millionaires (billionaires) finding that money isn't all that glorious. They need to put their name on something so the world knows they existed. They're not going to do the work of course. YOU should do the work and take the risk and ignore the giant marketing opportunities that any other business would kill for.
Yes, as a founder you should avoid distraction. An opportunity like that though isn't distraction, it's what you're supposed to be doing.