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What startup leaders should do is to stop to externalize their costs. I have seen again and again (Uber, Uber Eats, AirBnb, ...) startups pay less than minimum
by ElViajero 5y ago
What startup leaders should do is to stop to externalize their costs. I have seen again and again (Uber, Uber Eats, AirBnb, ...) startups pay less than minimum wage, label employees as "self employed", treat residential neighbors as hotels. This startups rip the profits while other people pays the cost. I live in Stockholm and I am tired of seeing electric scooters blocking paths and bicycle lanes.
If all the innovation of an startup is to externalize its costs, and do what the real industry does (Hotels, cabs, ...) but breaking all the laws then it is time to stop startups.
I know that this message is probably not welcome here, but someone needs to say that many people is getting tired about the entitlement of all this founders that want to "revolutionize" the world by pocketing the money meanwhile they make the life of citizens in the neighbors that they operate worse off.
Startups are a systemic risk because many of them are created just to leech society with disregard of their impact. Startups are no ready for crisis because they just do not care about consequences. Everybody wants to be the next billionaire, no matter the cost.