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May 22, 2007

That sucking sound

Mike Arrington: Times are good, money is flowing, and Silicon Valley sucks.

Hard to argue with it.  Except that a lot of us are still focused on technology, burgers and beer.  My read of Mike's post is not the insanity of valuations, marketing budgets and parties.  Maybe a bit of the pitchiness that bloggers and journalists deal with in frothy times.  But certainly the culture that existed here a short bit ago.  Back when I met Mike, actually, and a bit before.

Funny how I couldn't find an entrepreneur who blogged about this gut checking post, even when part of the point is the valley is flooded with itinerant entrepreneurs.  Except Eric Rice, who is from here, like me.  We're the idiots who didn't move out when it got too expensive, for some good reason we believe in.

Deep within me I fear that the region that learns too much about, instead of from its failures, becomes Detroit.

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    • Ross Mayfield is the Chairman, President & Co-founder of Socialtext, the first wiki company and leading provider of Enterprise 2.0 solutions,
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