I still stand by my assertion that tech in general is undervalued but the VC and angel investments are overvalued.<p>I think it&#x27;s true that a lot of the so called startups are &quot;just&quot; app ideas chasing user growth not actually businesses chasing profits.<p>The market only works if there is a constant liquidation of these startups which means a way to check whether they are actually going to stand a chance as independent companies making real money and sustaining it&#x27;s own growth.<p>It doesn&#x27;t work when the ponzi scheme that a lot of this looks like doesn&#x27;t have a way to do that but is purely based on the ability to secure next round of funding.<p>The irony is that the world is filled with actual problems to solve, yet money are getting thrown after young founders who might know how to get a lot of followers but are really just tricksters finding ways to &quot;growth hack&quot; their way to popularity.<p>Clayton Christensen was right after all. &quot;Be patient for growth, not for profit&quot;