Why Silicon Valley Funds Instagrams, Not Hyperloops

[xoxoxoBruce]

Jerzy Gangi takes his fellow entrepreneurs to task for becoming sheep.
He uses a comparison of Instagram vs Elon Musk's Hyperloop, but it's really about neither.

My thesis is simple. We haven’t seen Silicon Valley develop a company like Hyperloop — even though the plans have been out there for over a decade — because there’s a systemic failure in the startup ecosystem. In short, Silicon Valley has killed major innovation.

Has the Valley become a bunch of sheep?

In all of the hype around companies like Facebook and Instagram — what really are just glorified websites — we’ve lost sight of some real innovation opportunities, most of which occur in the offline world.

The entire culture of Silicon Valley, and entrepreneurship around the globe, has taken on a groupthink that prevents truly novel inventions, like the Hyperloop, from reaching the market. The result is a major loss. It’s a loss to our society. It’s a loss to our capital markets. It’s a loss to private investors. And it’s a loss to entrepreneurs.

He goes on to outline nine reasons this has happened.