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It's private money behind, but I still wonder whether this a reasonable way for the economy to run. I'd say it is. On the one hand, it's good for you that rece
by narag 8y ago
It's private money behind, but I still wonder whether this a reasonable way for the economy to run.
I'd say it is. On the one hand, it's good for you that receive a cheap service at the expense of VCs. On the other hand, the economy is far far better exploring multiple solutions, some of which will stick, than entering the dead way of what an experts comite consider sensible.
Once the capital is burnt, the survivors will be healthy businesses. As for the little guy can't compete (is that really always true?) I'd say it's the value for society that matters eventually.