3 ms·
What we need is 1-5% of these 10/20/30%+ layoffs go on to start new businesses. We've had a solid decade+ of FAANG dominance now and arguably all of these comp
by kirse 4y ago
What we need is 1-5% of these 10/20/30%+ layoffs go on to start new businesses.
We've had a solid decade+ of FAANG dominance now and arguably all of these companies are comfortably milking existing cash cows with minimal innovation and increasingly degraded product experiences.
I'm trying to think of one large tech company that has a better core product today than 10 years ago. Maybe Shopify / MS? Someone help me out.
- VirusNewbie 4y agoAWS and GCP are both much better.
- Spivak 4y agoEh, I kinda doubt your typical startup is going to sprout up and compete with FAANG. They could, and some will, but that shouldn't be the goal. I think people forget that 25-50 mil arr businesses are small potatoes to megacorps but can happily and gainfully employ lots of workers. Getting into a market that is big enough to pay the bills but small enough to not attract attention is a good place to live. And hell, if you need ideas just look at the businesses that the megacorps discard because they're only million dollar ideas and not billion.
- mrguyorama 4y agoPlenty of new companies have popped up over the past two decades, but every single time, if they make any progress on anything that might someday make money, a mega-corp will throw $300 million at them and competition solved! It's hard to be angry at the company for selling out, because the way capitalism works is all the money goes to the individuals who are able to effect the decision, so they get life changing amounts of money even though everyone else gets pennies, if that. But it should be clear how detrimental this system is to a functioning and competitive market.
- hiby007 4y agoWell what do you think about risk and pressure a founder takes?