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Yes! More middlemen! /s As participating capitalists, shouldn't we be shunning any company that adds friction where there was none? This really brings to mind
by a3n 6y ago
Yes! More middlemen! /s
As participating capitalists, shouldn't we be shunning any company that adds friction where there was none?
This really brings to mind the mafia elbowing in for a cut of the operations, or the whole contract, and adding nothing but extortion and shoddy work.
- AlexandrB 6y agoStartup capitalism seems quite different from traditional capitalism. Instead of profitability, the main qualification for a successful startup seems to be a good story for investors. Then, with VC money in hand, traditional pricing signals can be distorted by subsidizing the service - sometimes for years. Whether the big business that results at the end of this process is viable, valuable, or even desirable to customers is impossible to tell until the subsidies run out and the startup has to try to make a profit. At that point no alternative may exist because smaller, independent competitors have been driven out of business by a series of VC-fuelled market distortions.