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IBM is a consulting company that tries to sell some of their cloud to their clients and some of their buzzwords to their investors. Normal silicon valley stuff,
by H8crilA 7y ago
IBM is a consulting company that tries to sell some of their cloud to their clients and some of their buzzwords to their investors. Normal silicon valley stuff, except that IBM manages to show up with some positive cash flow at the end of the day, unlike modern VC darlings.
- rurp 7y ago> except that IBM manages to show up with some positive cash flow at the end of the day, unlike modern VC darlings Comparing IBM to a VC funded startup doesn't make any sense to me. Big old tech companies (like IBM) in Silicon Valley mostly do turn a profit, some quite a bit more than IBM.
- H8crilA 7y agoTrue. A fun fact: most also turned profit pre-IPO. Look up old S-1's. I was just joking about the buzzword mumbo jumbo. I want someone to take me for an AI ride in a self driving cloud. I already had so many social network and Uber-for-X rides, those days were cool. Does your mom do fintech, too? That's sooo cool!
- rurp 7y agoHeh, I actually agree with you on the buzzword mumbo jumbo. There's no doubt IBM can throw out meaningless buzzwordy phrases with SV's best.
- deleted 7y ago[deleted]
- mathattack 7y agoStartups consume cash to grow. Mature companies return cash to shareholders after the growth slows. Natural state of affairs.