3 ms·
I think the point is, they are good businesses short term. They have a minimal terminal value, short lifespan, and there is virtually no barrier to enter the ma
by vonklaus 11y ago
I think the point is, they are good businesses short term. They have a minimal terminal value, short lifespan, and there is virtually no barrier to enter the market.
Sort of like when google launched. The only surviving niche of google X is travel. You just google pets, not petsearches.io.
The equities market is so broken, and interest is so low, that there is an overspend into private markets. Value capture takes 20 years, company lifespan, i would baselessly guess, is 5 maybe. So this shit makes no sense.
Best bet is still make something you like working on, to the extent you represent other people, is pretty much your product demand.
But yeah mate, you could throw up a squarespace site and be the next cat bubble baths on demand startup.
I realized as a super shitty developer, that I will probably totally fail at this side project, but at least when someone gets it done i can say i was years ahead of the curve, just didnt have the chops.
...not that im bitter