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> Yes that is the business model and business is good. As opposed to EU which is a wasteland where nothing grows. Endlessly burning through infinite cash isn't
by dmitriid 5y ago
> Yes that is the business model and business is good. As opposed to EU which is a wasteland where nothing grows.
Endlessly burning through infinite cash isn't a good business model. And it ultimately results in a significantly worse wasteland than the perceived wasteland of Europe.
Where in Europe you have lots of companies in lots of different markets, in the US you have continuous price dumping that drives away any and all competition (unless that competition has more infinite money), and preys on people.
For example, the explosive growth of gig economy is the direct result of this "good business model". And who woulda thunk it, but predators like Doordash are predictably a "YC Top Company".
- rapsey 5y ago> Where in Europe you have lots of companies in lots of different markets In Europe you have lots of companies in lots of limited local markets unable to grow out of them because they have no funding options available to them.
- dmitriid 5y agoOn limited local markets: https://news.ycombinator.com/item?id=28286789 https://news.ycombinator.com/item?id=28286789