The startup ecosystem has transformed into a 'Startup Olympics' where raising capital quickly has taken precedence over building sustainable businesses.
Founders are often more focused on securing funding and attention rather than creating products that solve real problems or generate profits.
Raising capital has become a shield that delays facing the reality of whether the product actually works, creating a culture of bloated teams and unnecessary spending.
The appeal of venture capital has shifted the focus from solving pain points to maintaining appearances, resulting in a performative atmosphere rather than a genuine commitment to innovation.