I continue to be amazed at American capital allocation. $17M for an idea to improve Git? For a fraction of that money Ukrainian housewives build anti-drone air defence systems in their garage that protect their country. For that kind of money you could build an apartment block to ease the housing shortage. You could invest in electricity resilience and build mini nuclear power plants or a small wind farm. Soviet capital allocation: while they were pouring money into their space program and building the "biggest baddest military helicopters" there wasn't enough bread in grocery stores.

It’s not 17m for an idea to improve git.

It’s 17m for a tool which hopes to serve companies and charge money and make more than 17m in profit as a result.

If you look at the set of dev tooling, teams will frequently pay many hundreds per dev on things like CI, Git tools, code review, etc.

And to be fair, GitHub is really quite bad for a lot of workflows. I haven’t used gitbutler, but my team pays ~$30 a month per dev for tools which literally just provide a nicer interface for stacking PRs, because it saves us WAY more than that in time.

This isn’t even an egregious example of VC, it’s just an enterprise dev tooling bet.

It’s just gambling without the stigma of being called an addict.

After a decade of negative interest, there is still a lot of excess capital looking for high-risk-high-gain investments. Perceived future economic value is unfortunately not in the stuff we know and understand to be useful, essential.

Use value != sales value; hype sells.

Ps. not too sure how far $17M gets you toward mini nuclear power plants, but I catch your drift.

You'd have thought the same about all the big tech companies when they were startups. Yet now they're making piles of money and contributing to America's overall economic success.

The worst part about what I see here is the inequity or imbalance of what we're seeing about where money gets allocated, and the material effects of what that inequity brings about. It's not "I have a good idea and a great team" it's "I am X, or know Y" and... ugh.

There's gobs of amazing technology being built by people who just love to build, have great ideas, and huge talent (now exponentially compounded by LLM assistance, even) -- and 99% of it is ignored by people with $$ and none of them will be paid to work on these things -- let alone get funded to build a business around them -- and the reason isn't the inadequacy of the technology or "lack of a workable business plan": it's lack of social connections or pedigree.

And what this tells me is two things

1. there's a fundamentally sickness to the VC culture coming out of Silicon Valley and it's gotten worse not better with the new restraints in the post-ZIRP era. It's an echo chamber and a social circle, not a means for creating new profitable companies or good infrastructure, and it serves mainly just to feed a pipeline of acquisitions into much bigger fish rather than building tomorrow's new businesses or ideas. This is very different from 80s, 90s tech culture that I grew up in.

2. there's clearly a desperate need for more actual incubators or labs for actual technology, paying people to build "good stuff" independent of the vagaries of what VCs and their ivy league friends are able to pitch.

Frankly: The $$ out there in heavy circulation has been mostly corrosive, not helpful.

But then again, for a fraction of the money US-Americans pay for health insurance, we actually have public health insurance here...

Yes, we have higher taxes, yes, we pay more in social security... but in the end we have far less "Working Poor" and I know very, very, very, very few people who have more than 1 job.

But I guess that's just socialist bullshit.

What I am trying to convey is: The US lives in its own bubble, just like the rest of us does.

The difference is that the US hears the US propaganda and the rest of us heard the US propaganda for decades as well, through Hollywood and media.