A lot of the 2010’s tech was fueled by venture capitalists looking for the next big thing. They saw things that were extremely popular, like Facebook, Reddit, YouTube, etc, and figured “well we’ve got a ton of users, surely we can find a way to make money off of this.”
Some investors are starting to realize they aren’t actually making much money or costs are blowing up without revenue following. People are starting to back out of this bubble without clear goals towards profitability.
A lot of the 2010’s tech was fueled by venture capitalists looking for the next big thing. They saw things that were extremely popular, like Facebook, Reddit, YouTube, etc, and figured “well we’ve got a ton of users, surely we can find a way to make money off of this.”
Some investors are starting to realize they aren’t actually making much money or costs are blowing up without revenue following. People are starting to back out of this bubble without clear goals towards profitability.