Dipshit Companies are those without a clear business model, or with a model invisible for users: Facebook, Tumblr, Foursquare et all -- "Social web tools which

Dipshit Companies are those without a clear business model, or with a model invisible for users: Facebook, Tumblr, Foursquare et all -- "Social web tools which aid in the consumption of goods, or which are forms of consumption in their own right" (via @danielleary) Or taking a more in-depth look from Daniel Leary: "Now look at consumption-services markets. Social web tools which aid in the consumption of goods, or which are forms of consumption in their own right, represent absolute costs. And if there’s anything we’ve learnt about absolute costs in the digital world, it’s that people are unwilling to bear them. I don’t want to speculate too much about why this may be. I will note that people are seemingly unwilling to incur costs which they know are in place purely to generate profit rather than to shoulder distribution and manufacturing outlays (as admittedly unfair this is of consumers)." These are the Dipshit Companies: taking heavy investment without letting to know to their users how they will return, on behalf of whom they will generate profit. Educated users are watching carefully this current VC 'bubble' trying to imagine themselves as VCs investing in Facebook and wondering why worth it when users will never pay a penny to use it. And thus privacy concerns are immediately raised. Dipshit Companies are those which are selling our digital path behind our back to invisible beneficiaries.