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The innovation is the publicity and public image. I’ll get downvotes for it, but it’s the same innovation that Uber, Tesla, GoPro, Facebook, and countless other
by patentatt 5y ago
The innovation is the publicity and public image. I’ll get downvotes for it, but it’s the same innovation that Uber, Tesla, GoPro, Facebook, and countless others have rode to billions. Our economy is post-materialism and values public image and publicity greater than innovation and value. If you want to get rich, don’t do something innovative, focus on how you will make a good story to grab free publicity and cement an image as being ‘cool’ and ‘hip.’ Then you don’t ever have to make money or innovate anything. Investors will pour money on you because you’re cool and hip. I’m a little salty about it, but there’s something important there.
One more I just thought of, even if it’s not the same scale: Rap Genius. They took what’s pretty much a weekend project and turned it into a business and careers for themselves. The fawning press at their launch was overwhelming and impressive.
One small counter example: weebly. They made something actually innovative that provided real value to people. Grew quietly and made (by all outward appearances) a fantastic business. But since you didn’t/don’t see tons of gushing press about them, they (again, just by outward appearances) didn’t launch into the stratosphere like they absolutely could and maybe even should have.