Re:We raised a bunch of money
by cloogshicer on Wednesday June 28, 2023 @11:57AM
(#36508359)
Except when you get something like YouTube or the American telcos that have a monopoly/oligopoly and suck all potential for competition out of the space.
Re:We raised a bunch of money
by AndrewKemendo on Wednesday June 28, 2023 @01:27PM
(#36509658)
Thank you, you’ve made my point beautifully for me
Founders and Investors get rich and repeat the whole thing!
Yes tell me how beneficial “cycles of innovation” are to the average person who increasingly can’t afford rent or food because checks notes every company is doing this cycle so nobody is getting paid except founders and investors and are increasing profits to a degree that would make usury blush.
So what is the solution!? You too should become a founder and investor so that you aren’t getting screwed over anymore! Aka if you can’t beat ‘em join em —-that old ethical chestnut.
Say Fly will eventually get acquired or IPO, their founders will justify it that they could use that money to work on Fly's mission statement or if they've had their fill of servers go on to build further startups in Fusion, AI, or Space Technologies or even give to charity (take your pick).
When they do get acquired/IPO the natural bureaucracy of large organisations and shift in incentives will set in (we've been here before with Heroku/Salesforce and SendGrid/Twilio...) and they'll become slow, more risk-averse, and ultimately less innovative catering for enterprise and other large businesses (where the easy corporate money is at) instead of scrappy startups and curious hackers.
This is where Fly 2.0 comes in 5 years down the line reaching No. 1 on Hacker New, where utilising the latest technology they'll create a completely new and innovative solution that will solve the current problem even better than now and they'll start by catering for startups and hackers until they themselves get acquired/IPO.
This doesn't mean it's necessarily a bad thing - founders get a chance to cash out, consumers get cycles of new innovation.