this post was submitted on 14 Jul 2024
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I think there was a report saying that the most recent quarter still showed a massive infusion of VC cash into the space, but I'm not sure how much of that comes from the fact that a new money sink hasn't yet started trending in the valley. It wouldn't surprise me if the griftier founders were looking to cash out before the bubble properly bursts in order to avoid burning bridges with the investors they'll need to get the next thing rolling.
yeah, i think this is a last gasp or a second-last gasp.