I disagree on a number of levels, but especially because big tech valuations were propped up by QE over the past 10 years, Tesla being the poster child there. But Amazon, Google, etc. have all been impacted by macro elements. So that “TC” people brag about has been heavily subsidized by the FED.
The irony of calling me naive when not even understanding macroeconomic effects is… something.
Even with todays valuations of FAANG stocks I can guarantee you that the standard new grad gets a better offer than you will statistically make starting your own company.
The irony of calling me naive when not even understanding macroeconomic effects is… something.