3 ms·

I’m not sure why you’re conflating entrepreneurship with Silicon Valley-style VC.

• Barrin92 6y ago
  because we're in the comment chain about wirecard and their behaviour is the result of that sort of culture. It's also still, despite the immense criticism touted around the world as something to emulate. You see billions of cash pumped into say, 'incubators' in Paris and other large cities around the globe with for the most part no results.
  • chrisco255 6y ago
    Wirecard is a financial services provider founded in 1999. I would not conflate their troubles with marginal contributions from start-up incubators that are chasing diminishing returns in the tech sector. The latter is just a result of a normal market cycle. Clearly, plenty of multimillion and multibillion dollar companies have been founded from start-ups in the past decade or two. And clearly we're reaching a point where it's more challenging to make a hit. That's ok, that's normal. Same thing happened in the auto industry 100 years ago: https://en.wikipedia.org/wiki/List_of_defunct_automobile_manufacturers_of_the_United_States https://en.wikipedia.org/wiki/List_of_defunct_automobile_man... Look at all those manufacturers you never heard of.