3 ms·

Apropos of nothing much... This seems to have the first use of the phrase "oligarchic subsidization". At least the only one that's currently coming up from Goo

• Analemma_ 8y ago
  Sooner or later there had to be a catchy term for the new(ish) business model of artificially low, VC-subsidized prices intended to drive all the competition out of the market and create a monopoly where you can then jack up the rent. "oligarchic subsidization" is as good as any.
  • 21 8y ago
    > then jack up the rent But can they really do that? Another VC-subsidized startup can then come in and apply the same strategy.
    • Analemma_ 8y ago
      I don't think they can, which is why I think companies like Uber are massively overvalued and these stupid food delivery startups are all doomed. But hey, maybe my lack of vision is why I'm a working schmoe and VCs are millionaires.
      • Latteland 8y ago
        vcs are millionaires because they invest other people's money and only need a little bit of success. why aren't we all trying to be vcs? lots of failures are just fine.
    • marcosdumay 8y ago
      Whether they can or can not defines if the company is successful or not. Some can.