4 ms·
> People seem to believe the magical internet economy will make you rich This is the entire founding belief of YC (and a huge swath of “VC culture” and Hacker
by paulcole 6y ago
> People seem to believe the magical internet economy will make you rich
This is the entire founding belief of YC (and a huge swath of “VC culture” and Hacker News in general).
Look at how many “businesses” promoted here have no meaningful revenue and no real ideals for how to monetize.
- lotsofpulp 6y agoIt’s not magical, it’s simply a market where technology allows for extremely low marginal costs so if you can launch your business over a high moat (such as overcoming network effects with tons of cash), then you can print money once you are entrenched.
- floren 6y ago> Look at how many “businesses” promoted here have no meaningful revenue and no real ideals for how to monetize. They all know how to monetize, it just doesn't sound good to say it out loud: get a bunch of users by offering a free service on VC money, then sell your userbase to a big company.