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I think this hits the nail on the head for a lot of "tech" businesses at the moment: > “You don’t get rewarded for creating great technology, not anymore,” sa
by petewailes 11y ago
I think this hits the nail on the head for a lot of "tech" businesses at the moment:
> “You don’t get rewarded for creating great technology, not anymore,” says a friend of mine who has worked in tech since the 1980s, a former investment banker who now advises startups. “It’s all about the business model. The market pays you to have a company that scales quickly. It’s all about getting big fast. Don’t be profitable, just get big.”
- Zigurd 11y agoIn cases where network effect is important and the cost of being a follower is high, yeah, just get big. How soon do you think Amazon should do otherwise?