alt Hacker News> The market is far too risk-averse for a grassroots early-stage startup scene.
Or, in reality: there's literally no expectation for companies to succeed or to turn in profit in the US, and hasn't been for over a decade.
US startups now exist to do one thing hoping for exactly one of two outcomes. Do: spend unlimited investor money. Hope: to be acquired by larger entities, or to engage in VC-subsidized predatory-pricing long enough to try and kill others doing the exact same thing, and become "too big to fail".
> no expectation for companies to succeed or to turn in profit in the US, and hasn't been for over a decade.
It's been a lot longer than a decade. The initial dot-com boom was nearly 30 years ago.
It's very much institutionalized at this point. And the US continues to produce the most valuable companies in the world.