Fear Of Missing Out, a.k.a FOMO is a phenomenon typical of Silicon Valley. It all begins when an app or a service suddenly becomes all the rage and gets viral. VCs don't want to be excluded from a hot deal, and the company valuation skyrocket. It only happens in the Valley. Why? Because there you can find a lot of people who at least once in their life said no to a startup that became a unicorn eventually. That's what happened a few days ago to the ClubHouse voice app. They raised $10M at $100M valuation from a16z with an app not even publish on the App Store. Will it last? https://www.wired.com/story/what-is-clubhouse-why-does-silicon-valley-care/
Silicon Valley FOMO in the Pandemic
Silicon Valley FOMO in the Pandemic
Silicon Valley FOMO in the Pandemic
Fear Of Missing Out, a.k.a FOMO is a phenomenon typical of Silicon Valley. It all begins when an app or a service suddenly becomes all the rage and gets viral. VCs don't want to be excluded from a hot deal, and the company valuation skyrocket. It only happens in the Valley. Why? Because there you can find a lot of people who at least once in their life said no to a startup that became a unicorn eventually. That's what happened a few days ago to the ClubHouse voice app. They raised $10M at $100M valuation from a16z with an app not even publish on the App Store. Will it last? https://www.wired.com/story/what-is-clubhouse-why-does-silicon-valley-care/