Interesting Convo between DHH and Obie over Twitter

DHH: “It’s a sure thing unless you’re the fool left holding the bag when the road comes to an end. And the road will end.”, http://bit.ly/gb8pfl

Obie: @dhh Why do you care? You do your thing well and mint money. What fools are doing with their money should be the least of your worries

DHH: @obie Are you serious? So nobody should care that suckers bought worthless inet stock in 2000 or CDOs in 2007? Destruction of wealth sucks.

Obie: @dhh Sounds like you’re railing against human nature with that one. Seems better to ride the cyclical waves and profit

DHH: @obie @fowlduck Everyone hurts when bubbles inflate and burst. Whether they’re in tech or housing. Shame on those who see, but don’t tell.

DHH: @obie That’s depressingly cynical. So the banks that rode the CDO/CDS engine for all it’s worth were doing the right thing? Fuck the losses?

Obie: @dhh Let’s see you break out from your comfort zone at 37signals and create something new for some of those millions to flow into ;)

DHH: @obie How about we focus our energy on sustainable businesses that actually produce real wealth? There are enough con men. Don’t join them.

DHH: @obie I’m content producing real, sustainable wealth through 37s for the next 20 yrs. I have zero interest in chase a ride on a VC dragon.

Obie: @dhh That’s a strawman. I can work on sustainable biz (and have a track record doing so) regardless of what the market does. Bubble or not

Obie: @dhh What I was getting at is that you might be better off starting something new instead of coasting at 37s and tweeting about bubbles

DHH: @obie How exactly am I, 37signals, or the market going to be better off if I quit a growing business to chase VC millions?!

DHH: @obie If you can work on a sustainable business, why would you ever consider joining the con game of flipping shit to the ignorant?

Obie: Millions slosh around markets no matter what. The ?? is whether entrepreneurs like me and @dhh that “get it” create opps or sit on sidelines

Obie: I probably miscalculate what growth stage 37signals is currently in. Seems like a pretty stable mature operation to me

DHH: @obie Bubbles aren’t immune to criticism and once the opposition voices roam loud enough, they often implode. The faster, the better.

Obie: I’m interested in what @dhh can do “next” if he sets his mind to it. (I admit it might have a lot to do with my own situation.) #fckthbbl

DHH: @obie I think the obsession w/ “next” is partly why we have this flipper bubble. So few are willing to stick it out for the long term. I am.