Yep, we are going to keep seeing more of this as easy money dries up.
There are companies that I look at (like monday.com) and I instantly think "you are clearly a fiat-fuelled one-hit wonder". Reddit has been around since like 2005, they benefit from easy money, sure, but they weren't exactly the first company that came to mind when thinking of tech bubble excess.
reply
As an aside, do you think Monday.com has a future? I use it for some planning and would be open to an alternative.
reply
I've never used it TBH, so I don't know, but productivity tools in general are well-tread ground. There's a bunch of open source options. I understand how a company can make a profit by providing such software as a service, but having an IPO at the valuations they did seemed so bizarre to me. Or that a VC would fund something like that in the first place.
reply
I use plain text files for planning, but maybe I am not planning complex enough stuff, who knows...
reply