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And I guess this is the reason WeWork and their kind is notoriously hated by many people; It sell itself as a "tech startup" while it is not. "tech startups" s
by NalNezumi 6y ago
And I guess this is the reason WeWork and their kind is notoriously hated by many people; It sell itself as a "tech startup" while it is not.
"tech startups" seems to be synonymous with what the author call the "successors of corporate labs", and that seems to be why VC:s seems to be OK with pouring moneys for a semi-long term payback.
People/Companies that play this expectation (such as WeWork and Theranos) get the moral shaming from mostly tech people, while the rest seems to not get the point of the hate. (Not much indifferent from why some people do/didn't see the point of a corporate lab more than a cost sink)
Come to think of it, Company/CEO:s that overly focus on the "tech" image might be a warning sign that they might be just snake oil (such as Theranos CEO mimicing Jobs)
- AmericanChopper 6y agoI think you’re confusing innovation with technological innovation. There’s plenty of ways to innovate without advancing technology. There’s also plenty of fields of research unrelated to technology. Even if you were only concerned with technological innovation, referencing well funded non-technical companies doesn’t negate the existence of any of the well funded technology-focused companies. Also, Theranos is a perfect example of private equity funding technological research. The fact that it was a scam doesn’t take away from the interest it’s investors had in new technology.