It’s one thing to fall for Bankman-Fried’s magic money box; it’s another thing to do so by the flickering light of tell-all TV shows about Uber, Theranos, and WeWork. Even during this latest downward readjustment, there’s no good reason to believe there will be structural changes or even a lot of individual consequences in Silicon Valley.
Hmmm..last time I checked uber is still around and worth a whopping $70 billion still, which is quite remarkable given how much money it lost and continues to lose. It should not be lumped in with the others.