Reagan-Era Gen X Dogma Has No Place in Silicon Valley
WiredAs a core member of Gen X, I’m usually content to sit and watch boomers and millennials lob rhetorical bombs at one another. It’s hard to break free of base-level assumptions set so early in life, and many of our Gen X investors seem to still think like disregarded 20-year-olds, to the detriment of imagination and innovation for us all. Gen X investors and leaders helped commercialize Netscape, built search engines and online payment systems, and invented the first social networks. But in his interview, Andreessen—whose influential A16Z fund manages over $18 billion—says, “Someone writes code, and all of a sudden riders and drivers coordinate a completely new kind of real-world transportation system, and we call it Lyft.” This overstates both the newness and the benefits of private ride-hail systems, which in 2021 are becoming, as predicted, more expensive and less reliable even as they continue to fail to turn a profit for the companies or investors.
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