I've made a few more adjustments, and have started to spread out the screenshots a tad. I still need to build more evidence for dang's behaviour, but I'll probably leave Peter Roberts section as-is. Paul Graham's section is fine to me.
I'd like to mention the woes of Silicon Valley Bank (SVB) now. It's so amusing to see the daring capitalists, who believe themselves to be above the law when it becomes inconvenient, begin to cry out for government assistance when a bank run happens. Silicon Valley is supposed to be all about disruption, but I suppose it hits differently when they're affected. For an example of what I mean, here's
an article describing how Y Combinator darling DoorDash commits mass fraud while predating on small restaurants (
archive). Oh, and it's important to note DoorDash and these similar businesses are still unprofitable.
The gist of this is DoorDash pretends to be a restaurant or to have a business relationship with a restaurant, and then siphons away people who would've called or visited directly. This, understandably, negatively impacts the business that now has dissatisfied customers who are accustomed to the artificially-low prices set by DoorDash. This restaurant in particular was owned by someone who knew someone who knew about this disgusting nonsense, however, and he established that the restaurant owner can get some of that venture capital used to attract customers and
grow for himself:


They do this with impunity, because they know small business are either ignorant of their criminal trademark violations, or too small to be able to stop them. This is an example of how they want those nasty laws to get out of their way, for progress. Now
according to Garry Tan (
archive), Uncle Sam needs to bail out the bank or else innovations in law violation like DoorDash will be set back, and we can't have that:
All little startups, tomorrow's Google's and Facebooks, will be extinguished if we don't find a fix.
Oh I'm crying at the thought that the next big monopolies that try to spy on and harm me could be strangled in the cradle like this.
Here are two
Hacker News discussions on this:
https://news.ycombinator.com/item?id=35100743 (
archive)
https://news.ycombinator.com/item?id=35096877 (
archive)
The first subject is written by Garry Tan, president and CEO of Y Combinator, and so unimportant I only just now learned this. He's crying about this therein.
One actually has a nice joke inside, but it's a joke from someone on Twitter:
Imagine raising $100m for your AI enabled dog washing app - and your bank sets it on fire before you can.
Still, this has the potential to knock over quite a lot of dominoes. A lot of startups sell to other startups which sell to other startups. One example is Stripe, which does nothing besides help other startups collect payment. How Stripe could fail here is obvious, and they've been compared to a seller of shovels to prospective gold miners; well, that can't happen if people stop mining for gold.
The fall can't come hard enough, if it comes.