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The promise to investors of "tech companies" is zero marginal cost, and hence infinite scalability. As soon as you have to have to incur meatspace costs per tra
by Analemma_ 7y ago
The promise to investors of "tech companies" is zero marginal cost, and hence infinite scalability. As soon as you have to have to incur meatspace costs per transaction instead of doing it all in software, these sky-high unicorn valuations go out the window.
- arcticbull 7y agoExactly. Frequently the ones who deflate are ones that hadn’t figured out the zero marginal cost bit in time.