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Benzinga
Benzinga
Business
Ananya Gairola

Palmer Luckey Once Brutally Bashed Silicon Valley's Obsession With Easy Cash: 'All The Money Went To Paying People To Do Things That Were A Waste Of Time'

Palmer Luckey Silicon Valley Emily Chang Environment PBS
Business,In,Football,Club,And,Soccer,Team,Manager,,Online,Sport

In a conversation last year, defense tech entrepreneur Palmer Luckey criticized Silicon Valley's obsession with "easy money" ventures, saying a tighter funding environment is finally forcing founders to solve real-world problems.

What Happened: Appearing on Bloomberg's The Circuit in May 2024, Luckey, the founder of Anduril Industries, reflected on the dramatic shift in the tech startup landscape as zero interest rates faded and funding dried up.

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