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> Are they just getting hate because they lacked foresight in the beginning? Is it because they gambled with investor money on a ridiculous business model? For
by 6cd6beb 8y ago
> Are they just getting hate because they lacked foresight in the beginning? Is it because they gambled with investor money on a ridiculous business model?
For me, both.
I want to live in a world where companies succeed by identifying a need and then providing a service/product that fills that need.
Not by taking investor money, using it to subsidize the cost of an existing service (essentially buying users), and then praying that a business model or exit offer appears after the users do but before their weight collapses the company's tenuous structure.