Re:All 50 startups from Y Combinator’s Summer 2017 Demo Day 1
by sysdyne on Tuesday August 22, 2017 @03:40AM
(#15070413)
I believe the current system is already over saturated and the online players Amazon, Apple, Google, Netflix, Tencent, Alibaba, Facebook and Microsoft are already encroaching on each others territories.
Also a lot of the companies already posses powerful network effects and product synergies that make the entry of newcomers almost impossible. I'm force to remember every time I see a new VC investment that the purpose of VC is not to make the next tech giant like a Microsoft but to rapidly make a exit.
I'm really sad by the current investment in tech but perhaps the real investments in disease treatment/space exploration are being ignored by the mass media.
VCs tried to fund a bunch of dreamers decentralizing and modularizing everything in their blockchain apps. Many organizations conduct ICOs or token sales so they are able to secure funding in their one-time revenue event, and bring the product to the world. Is it a panacea? Nah. It is very Machiavellian and we'll see this evolve very quickly into something more efficient. But we aren't stuck in the limitations that require companies to become the same toll-taking middlemen as before.