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Why did the metaverse die? Because Silicon Valley doesn’t understand the concept of fun
(www.fastcompany.com)
this post was submitted on 15 Oct 2023
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Technology
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The metaverse died because it didn't mean anything, there was no clear thing you could point to and say "this is the metaverse". It was a collection of buzzwords designed to sell a dream to investors and nothing more.
As a developer who loves to tinker with web stuff, I feel most of the tech scene and Silicon Valley are full of people who went into development just for the money. I almost see it every day.
Silicon Valley has become a vehicle to secure VC funding. They've forgotten that is just step 2.
I didn’t go into tech for the money, but after several years of grinding I’m definitely at the point where I’m only still in it for the money. I don’t even want to think about computers outside of work anymore.
Sounds like you are just not in the role or company that appreciates you. I've had a similar experience at the beginning, but I kept looking until I found a company that did, so I hope one day you do as well.
This is the cycle of co-option that takes place with any career that becomes profitable.
A lot of people don't realize that computers and programming in general were seen as "women's work" or "nerd shit" until especially the dotcom boom, and career women and nerds (of all genders) were displaced in favor of MBA-bros who the VCs and CEOs didn't disdain (not by being forced out, but by not being given the jobs and funding; the "paper ceiling" is often used for this).
Machine learning and crypto were also relegated to being "nerd shit" in their nascent years, and now look who populates those particular spaces: non-technical MBA-bros and snake oil salesmen trying to cash in on the hype (and building on the uncompensated work of others... in machine learning's case, quite literally so).
I feel the same way. They’re in it to become a unicorn and get a big exit. They don’t care about making good software, just profitable software. The vibe in Silicon Valley stopped being hackers and became bankers.