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I'm interested to see how history treats these first few decades of our commercial internet. We have VCs looking for home runs funding companies that invest tho
by encoderer 11y ago
I'm interested to see how history treats these first few decades of our commercial internet. We have VCs looking for home runs funding companies that invest thousands or millions of man-hours building products that get scuttled and lost forever. While this may be the very best way for wealthy VCs to get even more wealthy I'm sometimes nostalgic for the years of human effort wasted when things shut down. I'm not one to bemoan our best minds working on "trivial" consumer products. If you're building something people want, that's noble enough for me. But I wonder what the internet would look like if we didn't have a land-grab mentality and instead built companies more slowly and sustainably.
- dev1n 11y agoI don't really want to get into the whole "Tax the 1%" issue but it's becoming more obvious that taxing the ultra wealthy will lead to these kinds of sustainable companies. That tax revenue, when streamlined into larger research grants for DARPA projects or NSF stuff would produce technologies and general scientific advancements that startups would be able to develop on. Not just cool new ways to serve advertisements. The ultra wealthy are desperate to find new ways to double their money through investments [1]. However, they are not desperate enough to start their own research labs, from which great advancements are made. Thus, I feel money could be more efficiently allocated for future sustainable scientific and technologic advancements if the government utilized increased tax revenue from 1%'ers to create more opportunities for such companies. [1]: http://www.economist.com/news/briefing/21678215-world-entering-third-stage-rolling-debt-crisis-time-centred-emerging http://www.economist.com/news/briefing/21678215-world-enteri... Edit: typo