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Companies that have a good ideas and provide needed product/services will survive. I think the era of stupid money chasing silly ideas are over. Same thing happ
by SkipperCat 4y ago
Companies that have a good ideas and provide needed product/services will survive. I think the era of stupid money chasing silly ideas are over. Same thing happened at the end of the dot-com era.
- deleted 4y ago[deleted]
- altdataseller 4y agoLots of startups provide needed products and services. I don't think that's enough. They need to provide needed products/services in a way that can be sold/marketed profitably, and scaled profitably.
- TameAntelope 4y agoAnd the idea needs to be profitable quickly. Don't try starting a business where your sales cycle take months.
- ackbar03 4y agoYes. I always need 1 dollar for 95 cents.
- rufus_foreman 4y agoLosing money on every transaction is no problem, they can always make it up on volume.
- daniel-cussen 4y agoYou know that's my pitch? Selling a commodity for half. Because I SUCK at selling, so that's my out, the same exact thing anybody can do in exactly the same way, that every company is on track to spend more than 10% of their revenue on, but for half. The bottleneck of machine learning in half. In fact you're being quite generous with your offer of 1 dollar for 95 cents, but I must decline. 50 might work much better for you, you might secretly need 1 dollar for 50 cents more than you need 1 dollar for 95 cents. But are embarrassed to ask. Provided we're talking about matrix multiplication. And like everyone's business plan is turning matrix multiplication, better known as AI, into money, so there could be a good synergy there. https://www.fgemm.com https://www.fgemm.com, coming soon.
- malfist 4y agoYou joke, but a 5% ROI isn't bad YoY in the long run. Especially if it's low risk.
- seaourfreed 4y agoGood, unless inflation stays high
- Mimmy 4y agoI think the causation can be reversed: Companies that survive long enough have a higher chance of eventually finding the right idea and developing needed products / services.
- sokoloff 4y ago> I think the era of stupid money chasing silly ideas are over It's quite possible that this era of that is over, but I'll eat my hat if another era of stupid money chasing silly ideas doesn't spring up within a decade.
- paulgb 4y ago“Yeah, but this time it's different!” - Someone in 5-10 years.
- mupuff1234 4y ago"We called it fin-tech cause it kept going under"
- escapecharacter 4y agoWeb 5.0: This time it’s personal!
- jcuenod 4y ago"The problem with the crypto revolution is how centralized it all was. That's why we've realized we should disrupt that whole industry with these new rainbow farting unicorns"
- deleted 4y ago[deleted]
- danielrhodes 4y agoA company that provides a needed product/service has the minimum it needs to survive. But you also need positive cash flow and you need to not have surprises and many other things. So it's easy to get caught in a bad situation and the company is forced to shut down, even though it was otherwise doing good things. Startups are particularly vulnerable, regardless of their PMF.
- deleted 4y ago[deleted]
- adamsmith143 4y ago>I think the era of stupid money chasing silly ideas are over. Same thing happened at the end of the dot-com era. It's called the Business Cycle. Those days are not over, they're merely hibernating
- throwanem 4y agoHibernating? They've been the order of the day since 1987. Sure, there's booms and crashes, but that's why we call it a cycle.
- adamsmith143 4y agoYeah. My parent comment was insinuating that "This time is different" which of course it won't be.
- throwanem 4y agoOh. Yeah, I apparently can't read today, that's fair.
- checker659 4y ago> are over For a few years