4 ms·

Most of active HNers are employed in rent-seeking SaaS companies

• xyzzyz 5y ago
  “Rent seeking” has a specific technical meaning, which is not the same as “collecting rent”. Most SaaS companies are by no means rent seeking, and in fact it’s hard for me to come up with an example of one that does it.
  • edoceo 5y ago
    Ticket Scalpers - my favourite example of rent-seeking
    • thegrimmest 5y ago
      Aren't ticket scalpers enabled by artificially low ticket prices?
      • edoceo 5y ago
        Sorta. But their real m/o ("value add") is they aggressively purchase the "fruit" (best seats) which pushes out regular market-price buyers. Then hold. Then sell at 5x to 120x list price. Its a game, similar to equities but perishable. Their only real service is standing in line in front of you to corner and add pressure.