Dita Von Skeeter
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ditavonskeeter.bsky.social
Dita Von Skeeter
@ditavonskeeter.bsky.social
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Reposted by Dita Von Skeeter
meredithmeredith.bsky.social
Stand by this: www.politico.com/newsletters/...
What’s a technology that you think is overhyped? I’m going to give a sideways answer to this, which is that the venture capital business model needs to be understood as requiring hype. You can go back to the Netscape IPO, and that was the proof point that made venture capital the financial lifeblood of the tech industry. Venture capital looks at valuations and growth, not necessarily at profit or revenue. So you don’t actually have to invest in technology that works, or that even makes a profit, you simply have to have a narrative that is compelling enough to float those valuations. So you see this repetitive and exhausting hype cycle as a feature in this industry. A couple of years ago, you would have been asking me about the metaverse, then last year, you would have asked me about Web3 and crypto, and for each of these inflection points there’s an Andreessen Horowitz manifesto. It’s not simply that one piece of technology is overhyped, it’s that hype is a necessary ingredient of the current business ecosystem of the tech industry. We should examine how often the financial incentive for hype is rewarded without any real social returns, without any meaningful progress in technology, without these tools and services and worlds ever actually manifesting. That’s key to understanding the growing chasm between the narrative of techno-optimists and the reality of our tech-encumbered world.
February 19, 2025 at 4:42 PM
Reposted by Dita Von Skeeter
garius.bsky.social
One other 7/7 thread today. Because I think how the bus network got running again is a real testament to some serious heroes that day:

The bus drivers and staff who got that network running again and got London home that night.

And TfL/the Mayor disobeyed the Security Services to make it happen /1
July 7, 2025 at 10:28 AM
Reposted by Dita Von Skeeter
hetanshah.bsky.social
Magic Spad Theory, the Axis of Anecdotes and the Pyramid of Indifference. Why has it taken me so long to discover this Policy 101 note from Giles Wilkes?
www.civilservant.org.uk/library/Wilk...
www.civilservant.org.uk
October 5, 2023 at 7:01 PM