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The problem is a venture problem / industry not teams and individuals ... VCs have been heavily investing in anything remotely promising because let's face it s
by username_my1 6y ago
The problem is a venture problem / industry not teams and individuals ... VCs have been heavily investing in anything remotely promising because let's face it since smartphone tech hasn't found its solid step into the next level .. VCs have the money they throw it at promising companies, lots of people get rich in the process but the end result is delayed ether no working product or no working business (unit economics) an example is all these ride hailing apps, scooter apps and food delivery where billions has been spent and losses are recorded annually and everyone is happy to move the ball down the field and make it a tomorrow's problem.
- mrDmrTmrJ 6y agoI hear you, in that since the smart-phone there has not been a new consumer platform shift, with all the value creation for new B2C companies that a platform shift implies. That said other parts of the ecosystem are having incredible bursts of innovation and new products: B2B SaaS, Cloud providers, Space (e.g. Starlink), Bio-Tech (e.g. Moderna and mRNA technology), Semi-conductors/Chip companies (TSMC + Nvidia + many many others). If you're wondering why VCs are eager to back new companies with small revenue but fast growth - it's because interest rates are very low, and the returns to winning are very high.