28 ms·

You understand that the goal of most VC-funded businesses is to get bought, right?

by viro 5y ago

klelatti 5y ago
> "a competition harming sale to a dominant market player" Fine except for those that rely on this.
- viro 5y ago
  what constitutes a market? Giphy hadn't generated any revenue it was operating off the $20 million of VC money. Or are you just trying to say big American tech companies shouldn't be allowed to buy companies?
  - Nextgrid 5y ago
    The advertising market. Giphy has plans to make an advertising network which would compete with Facebook and force the latter to be more competitive (which at least may result in better outcomes for end-users of both products).
    - kevinventullo 5y ago
      I’m pretty sure Facebook is more worried about competition from Snapchat than Giphy. Which is to say, not at all.
  - matheusmoreira 5y ago
    > Or are you just trying to say big American tech companies shouldn't be allowed to buy companies? Exactly. Not only should futher consolidation be prohibited under anti-trust, big tech should be forcibly broken up into several businesses.
- tsimionescu 5y ago
  So, overall, fine. The few people that get hurt by this are the greedy VCs that invented this wasteful game, and the greedy founders who agreed to play it.
Nextgrid 5y ago
But do you understand that being in business is not a right and that if your business relies on harming consumers to make a profit then maybe it shouldn't exist?
amyjess 5y ago
I think we should consider outlawing "most VC-funded businesses" then. The sole reason anyone should ever start a business should be to make long-term sustainable profit, and anything else should be illegal.
- mbg721 5y ago
  That is great in principle, but sounds very difficult to enforce.
  - jimnotgym 5y ago
    But it would take away any further excuses to the regulator like, 'who else are we going to sell to,' because the regulator could ignore that argument, it being unlawful to start a business just for the purposes of selling
  - tsimionescu 5y ago
    It seems that it's relatively easy to enforce by blocking this type of acquisition, at least according to Facebook.

You understand that the goal of most VC-funded businesses is to get bought, right?

by viro 5y ago

You understand that the goal of most VC-funded businesses is to get bought, right?

klelatti 5y ago

> "a competition harming sale to a dominant market player" Fine except for those that rely on this.

viro 5y ago
what constitutes a market? Giphy hadn't generated any revenue it was operating off the $20 million of VC money. Or are you just trying to say big American tech companies shouldn't be allowed to buy companies?
- Nextgrid 5y ago
  The advertising market. Giphy has plans to make an advertising network which would compete with Facebook and force the latter to be more competitive (which at least may result in better outcomes for end-users of both products).
  - kevinventullo 5y ago
    I’m pretty sure Facebook is more worried about competition from Snapchat than Giphy. Which is to say, not at all.
- matheusmoreira 5y ago
  > Or are you just trying to say big American tech companies shouldn't be allowed to buy companies? Exactly. Not only should futher consolidation be prohibited under anti-trust, big tech should be forcibly broken up into several businesses.
tsimionescu 5y ago
So, overall, fine. The few people that get hurt by this are the greedy VCs that invented this wasteful game, and the greedy founders who agreed to play it.

Nextgrid 5y ago

But do you understand that being in business is not a right and that if your business relies on harming consumers to make a profit then maybe it shouldn't exist?

amyjess 5y ago

I think we should consider outlawing "most VC-funded businesses" then. The sole reason anyone should ever start a business should be to make long-term sustainable profit, and anything else should be illegal.

mbg721 5y ago
That is great in principle, but sounds very difficult to enforce.
- jimnotgym 5y ago
  But it would take away any further excuses to the regulator like, 'who else are we going to sell to,' because the regulator could ignore that argument, it being unlawful to start a business just for the purposes of selling
- tsimionescu 5y ago
  It seems that it's relatively easy to enforce by blocking this type of acquisition, at least according to Facebook.