[gkoberger]

I guess I don't see the problem? Nothing lasts forever, and everyone involved knew the risks.

That money wasn't purely wasted, it went into salaries and other products. At least half ended in exits and became a part of another company.

The ability to fail and fail big is what makes the SF tech scene special... people aren't afraid to try something audacious. And sure, the world could take-or-leave most of these products, but I don't really see the point in this negative framing.

[jabedude]

I don't think this website is implying there was a 'problem' per se. In fact it seems to be geared towards helping resurrect the original premises

[Kkoala]

"Where $32.5B+ in venture capital was burned to ashes." isn't exactly a positive spin.

At least the copy seems AI-generated though, so I guess can't read too much into it.