Re:Is everything falling apart?
by Melting_Harps on Friday April 29, 2022 @08:54PM
(#31212334)
> Tech oligarchs who were all “Disrupt!” are now all “Wait not me! I’m a rent seeker now!”
It's always been an empty platitude from the SV disillusional masses: when the business model is 'grow at all costs, even if you lose money' in order to cash out on an over-inflated IPO, it was clear that it was never to disrupt anything. It was t:o build something seemingly novel, raise funds to fight a war of attrition, moat, weaken the opposition and take majority market-share and then cash out.
Plan B is selling out to some megacorp/tech oligarch in order to rinse and repeat as a 'serial entrepreneur' until you eventually get to a position in which you get on a board and you can ossify something like Twitter, too!
It's always been an empty platitude from the SV disillusional masses: when the business model is 'grow at all costs, even if you lose money' in order to cash out on an over-inflated IPO, it was clear that it was never to disrupt anything. It was t:o build something seemingly novel, raise funds to fight a war of attrition, moat, weaken the opposition and take majority market-share and then cash out.
Plan B is selling out to some megacorp/tech oligarch in order to rinse and repeat as a 'serial entrepreneur' until you eventually get to a position in which you get on a board and you can ossify something like Twitter, too!