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A comment on On-Demand Startups Are Hemorrhaging Tens of Billions a Year. Parent comment

Re:On-Demand Startups Are Hemorrhaging Tens of Billions a Year by noobermin on Tuesday April 02, 2019 @08:38PM (#19559877)
More like a transfer from VCs and from desperate gig workers in the form of cheap labor to founders who get to write medium posts about how entrepreneurial they are.
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Re:On-Demand Startups Are Hemorrhaging Tens of Billions a Year by maxxxxx on Tuesday April 02, 2019 @08:58PM (#19559953)
VCs are not investing their own money.
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Re:On-Demand Startups Are Hemorrhaging Tens of Billions a Year by noobermin on Wednesday April 03, 2019 @10:48AM (#19563766)
Alright, but the point is the transfer is to founders for the most part from somewhere.
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Re:On-Demand Startups Are Hemorrhaging Tens of Billions a Year by maxxxxx on Wednesday April 03, 2019 @12:58PM (#19564998)
We just have to be clear that the "somewhere" is not the VCs. It may be your pension plan or your municipality.
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Re:On-Demand Startups Are Hemorrhaging Tens of Billions a Year by jamestimmins on Tuesday April 02, 2019 @09:29PM (#19560077)
Indeed, it's more likely that they're investing money from pension plans.
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Re:On-Demand Startups Are Hemorrhaging Tens of Billions a Year by fromthestart on Tuesday April 02, 2019 @08:47PM (#19559911)
Gig workers do not transfer money to founders, and the vast majority of them are being profitably compensated for their labor.
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