In this article, Danny Crichton examines the current state of startups and the decline in innovation they are showing.
Every week in my inbox, there is another no-code startup. Another fintech play for payments and credit cards and personal finance. Another remote work or online events startup. Another cannabis startup, another cryptocurrency, another analytics tool for some other function in the workplace (janitor productivity as a service!)
It honestly feels at times like we are stuck: it’s the same rehashes of old software, but theoretically “better” (yes it is a note-taking app, but it runs on Kubernetes!). In fact, that feeling of repetitiveness and the glacial pace of true innovation isn’t just in my head or maybe yours: it’s also been identified by scientists and researchers and remains a key area of debate in the economics of innovation field.