Chamath Palihapitiya, a former Facebook executive and founder of investment firm
The Social+Capital Partnership, said today that the tech world should be "utterly ashamed," because "we are at an absolute minimum in terms of things that are being started." Palihapitiya was interviewed on-stage at our Disrupt NY conference. He argued that in contrast to past decades, where tech entrepreneurs were inventing silicon chips, putting computers on every desktop, or wiring the world, we're now "rehashing ideas from 2003." He didn't name a specific company, but when Palihapitiya talked disdainfully about an instant messaging app that allows you to send photos of everything from an apple orchard to your genitalia, and that the message disappears after a short period of time, it's not too hard to decipher
who he's talking about.
Source: http://feedproxy.google.com/~r/Techcrunch/~3/NbOqSybcSlA/
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