Comment by idkwhattocallme

I wonder if the callousness is a consequence of generational experiences. Hundreds of years ago, Europe was once like the US. It had hype manias (tulips). But perhaps they had enough of them where they stopped believing. The US is much younger and we're now in just our 3-4 meta hype cycle. Though in the last 10 years they seemingly have accelerated in tech (SaaS, SoLoMo, Crypto, AI). I wonder if over time that hype will wane. I do agree with DHH here that VC is the gas that keeps the engine going.