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I can still remember back in the Dotcom boom buying one of those amazing Microsoft laser mice online for less than the retail cost. But I was limited - there w
by Kon-Peki 4y ago
I can still remember back in the Dotcom boom buying one of those amazing Microsoft laser mice online for less than the retail cost. But I was limited - there were only so many electronic things I could buy; my ability to participate in the destruction of VC money was very limited.
But now? It seems almost limitless. When I lived in the city, I walked past grocery and convenience stores every single day just by living my life. Now that I'm out in the country, I drive past the same type of stores while ferrying my kids to and from their activities. I can stop in and grab whatever with almost 0 inconvenience or additional trips.
If some startup wants to subsidize my shopping, I'll take it. I'll take all of it. But the moment it costs anything, I'm out. That seemed to be the general feeling among many of my younger coworkers too. Honestly, the startup customer acquisition model needs to be rethought. It is getting gamed.
- SahAssar 4y agoI guess the question is who's gaming who? Are you gaming the startups, are the startups gaming the VC's, are the VC's gaming the LP's, etc?
- Kon-Peki 4y agoHa! Very nice. Perhaps, since the goal is to dump it on the public via IPO before it crashes, you can think of it as a circular scam. It’s our duty as retirement account holders to game it as much as possible to prevent the IPO. If we succeed, we all win. If not, then individuals have to measure their subsidies against the overall market loss to see whether they have come out ahead or not. Not playing the game is a certain loss!