I am well outside of this world so I'm probably just misinformed but when I think back to circa 2010 VC-backed startups felt like they were doing a wide array of interesting, diverse things. Today everything I see just reads like groupthink: crypto is a thing? OK, now _everything_ is crypto. AI is a thing? Hot damn, time to make everything AI-based!
Not sure when it happened but the tech world seems to be chasing its own tail. Maybe it's simply because the tech isn't so interesting these days. The release of the iPhone and Android was a cambrian explosion in possibility: the likes of Uber simply can't happen without a GPS enabled smartphone. But that's all old news now, so VCs are leaping on absolutely every tech advancement as the next big thing and then stumbling when it isn't.
Not sure when it happened but the tech world seems to be chasing its own tail. Maybe it's simply because the tech isn't so interesting these days. The release of the iPhone and Android was a cambrian explosion in possibility: the likes of Uber simply can't happen without a GPS enabled smartphone. But that's all old news now, so VCs are leaping on absolutely every tech advancement as the next big thing and then stumbling when it isn't.