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A comment on Ask HN: Should monetization be an afterthought ?. Parent comment

Re:Ask HN: Should monetization be an afterthought ? by logicalmind on Friday April 03, 2009 @02:47PM (#545352)
Can you give a bit of insight into this? It seems to me that facebook or twitter are simply a reinvention of the same kinds of companies that started and failed in the dotcom era.

I thought the lesson learned was that technology companies are not magic. And one should invest in companies with a sound business model. What about twitter or facebook invalidates this?

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Re:Ask HN: Should monetization be an afterthought ? by pg on Friday April 03, 2009 @05:48PM (#545682)
The lesson learned was to not to avoid companies that aren't currently profitable. It was to avoid companies that could never be profitable-- e.g. because they were buying users. Facebook and Twitter aren't doing that.
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