How Growth Is Killing Tech's Innovation, ft. Robert Evans
Better Offline
Cool Zone Media and iHeartPodcasts
4.6 • 688 Ratings
🗓️ 20 March 2024
⏱️ 54 minutes
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Summary
Ever wonder why Silicon Valley stopped making anything new or interesting? It's because of the same growth-at-all-costs mindset that's destroyed the rest of the tech ecosystem. Ed Zitron is joined by Robert Evans to discuss how venture capital demolished tech's ability to innovate by forcing the smartest people in the world to work on the dumbest things ever invented.
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.0 | Guaranteed Human |
| 0:04.0 | QAWOLZO Media |
| 0:08.0 | Welcome to Better Offline. I'm your host Cool Zone Media's Robert Evans, and he's joining me to talk more about the growth at all costs rock economy. |
| 0:31.4 | It's the thing that's making your beloved tech products worse to make someone else hundreds of millions of dollars. |
| 0:38.3 | And it's so good, Robert. |
| 0:39.3 | We love it, don't we, folks? |
| 0:40.7 | I'm having a great time. |
| 0:42.0 | I love that I used to make a living teaching, like, people who would pay, you know, to the |
| 0:48.3 | company I worked for, huge amounts of money to be trained in, like, how to use Google more |
| 0:53.1 | effectively, all these little dorks and |
| 0:54.9 | stuff that allow you to like really specialize your search settings. And I love that just in the |
| 1:01.3 | last couple of years, Google has placed a shotgun to the base of their searches engine skull |
| 1:07.2 | pulled the trigger. And now a bunch of people are desperately trying to be like, oh, there's this new perplexity AI or this other AI search engine. Like, it's much better. And it's like, no, it's slightly better than Google now, but they're all worse than Google used to be. None of this is a step forward. They're just pains in the ass. So one of the reasons that that's happening isn't just the public markets. |
| 1:30.0 | The public markets are a big part of the problem, and they're the ones that incentivize |
| 1:33.6 | this whole growth at all costs phenomenon. |
| 1:36.3 | But I actually want you to know that this has another cause, and it's private investing and |
| 1:42.7 | venture capital. |
| 1:44.0 | Those are the ones who are pretty much |
| 1:46.8 | putting a thumb on the head of innovation that is stopping great companies being built by |
| 1:52.7 | incentivizing, well, kind of a form of slaughter, fattening up pigs to sell to the market |
| 1:58.6 | rather than making something innovative. |
... |
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