<ul><li>The startup world is similar to the gold rush era, but with the fundamental difference of venture capital playing a crucial role.</li><li>Dumb money in the startup ecosystem is shaping the game with a risk-averse, short-term, and spreadsheet-driven approach, impacting the true essence of entrepreneurship.</li><li>Founders are now focusing more on raising funds rather than building something substantial, leading to an inflation of the term 'startup'.</li><li>The excessive influx of dumb money has made it difficult for real entrepreneurs to thrive, emphasizing the importance of real knowledge, persistence, and a tangible product.</li></ul>

Strange thing — the inner voice.

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