theodp writes: While the conventional wisdom these days seems to be that every new start-up is good for the USA, VC Roger Ehrenberg makes the case against the 'fund every start-up' approach. Because so many start-ups are getting funded as seed stage capital has become increasingly plentiful, engineers that could be helping scale successful companies are instead pursuing their own gigs, creating a bunch of mediocre start-ups that soak up scarce talent, creating a shortage. Ehrenberg argues this is neither good for long-term job creation nor perhaps even for the aspiring engineer/entrepreneur, who might enjoy greater wealth and achievement as an integral member of a rapidly growing and successful company.
"Today's robots are very primitive, capable of understanding only a few
simple instructions such as 'go left', 'go right', and 'build car'."