3 ms·
> The name for it is VC-backed capitalism The goal of which is to seek monopoly or at worst stable oligopoly. Anyway, GP was asking what you call it when you
by popcorncowboy 4y ago
> The name for it is VC-backed capitalism
The goal of which is to seek monopoly or at worst stable oligopoly.
Anyway, GP was asking what you call it when you saturate/dominate a market, become the standard and then raise prices on your captured audience. This is definitional monopoly. VC-backed capitalism is a predictable symptom emerging from the possbility of such outcomes.