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Amazes me that a low/no capital business model (software) combined with the hacker ethos was so readily and quickly hijacked by The Money People. You don't need
by cylinder 9y ago
Amazes me that a low/no capital business model (software) combined with the hacker ethos was so readily and quickly hijacked by The Money People. You don't need this much money and a true entrepreneur dies inside everytime they give away a piece of their company.
- corporateslave2 9y agoI think most solutions are capital intensive. The general business model is: Build software that provides a service that loses a little bit of money on every transaction. Use VC capital to fund this. Continue the model until volume is very high or some critical velocity is reached, creating a barrier to entry. Slightly pivot the business model to profitability. Profitable monopoly created.
- bsder 9y ago> You don't need this much money and a true entrepreneur dies inside everytime they give away a piece of their company. Often, you do need that much money. Elon Musk went begging among his rich friends because he was less than 30 days from not making payroll. Mere mortals would have to shut down. This is what makes unicorns.