Joint Statement by the Department of the Treasury, Federal Reserve, and FDIC

Re:Joint Statement by the Department of the Treasury, Federa... by kazen44 on Sunday March 12, 2023 @07:53PM (#35128404)

in my personal opinion most if not all modern startups are seeking to create a system in which rent seeking behaviour is the end goal.

The stereotypical SV playbook is to enter a market, don't give a crap about the local regulation or laws, try to get big by using your cheap money to outstrip to competition and do rent-seeking when you are the largest.

Also, a lot of startups are solving non fundemental problems.

We should be spending all that engineering effort fixing things like climate change, food security for the global south and a way to deal with the aging population in the western world instead of thinking about algorithms to get more clicks on ads.

[ Parent | on HN ]

Re:Joint Statement by the Department of the Treasury, Federa... by molsongolden on Sunday March 12, 2023 @08:33PM (#35128892)

A few companies have done this but calling it the stereotypical playbook is a bit over the top.

Also, there are many startups building stupid junk to capture a piece of the pie but also many startups working on real problems.

This whole comment is a reductive cliche at this point.

Please start a company to work on fixing climate change, food security, aging, etc.

[ Parent | on HN ]