3 ms·
> It's just too damn profitable and efficient to not become the standard way Silicon Valley works. Not sure I agree with that assertion. While YC companies ma
by jgalt212 11y ago
> It's just too damn profitable and efficient to not become the standard way Silicon Valley works.
Not sure I agree with that assertion. While YC companies market cap is approx $30B (a recent Bloomberg cited estimate), the profits of these companies are minuscule.
The public tech giants do need to show profits for all their efforts. So this model works only so long as all these "experiments" aka start ups are relatively inexpensive to run and don't chip away at the bottom line too much.