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Cost of starting a startup have dramatically decreased, but between the moment you launch and the moment you are in position to raise angel or VC money, well yo
by skitout 6y ago
Cost of starting a startup have dramatically decreased, but between the moment you launch and the moment you are in position to raise angel or VC money, well you definitely need some money most of the time!
And starting an (ambitious) startup is more risky and is more luck dependent that starting an old style business franchise, or most company in the 80's, which make having capital even more important.
This is more risky, but with more extreme result: you can get much bigger much faster, with network effect, putting the company and its CEO in a more dominant position... We are more in a winner takes all economy, with more losers.
"None of bezo's automation ideas has anything to do with workers" ; without employees, without their work creativity innovation, Bezos would be poor...
The increase of productivity of a company is the consequence of what did the company. And the company is its workers, and its shareholders. Why the workers - that generates ideas, put them in place, make the company running - should have now a smaller part of the productivity gain than before ? (And before automation was big too)