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The problem is society is witnessing races between Tortoises and Hares, where the Hares are doped with venture backing. A healthy society progresses slowly lik
by gmd63 3y ago
The problem is society is witnessing races between Tortoises and Hares, where the Hares are doped with venture backing.
A healthy society progresses slowly like a tortoise, encountering actual tradeoffs that aren't masked by mountains of cash only to ensure cancerous returns for already rich people at the expense of skilled business owners who are actually designing their businesses to handle endgame stressors.
In any healthy competition you have rules around the gear you can use, how many people are allowed in your pit crew, what dimensions your fencing saber can be etc. so that rich people cant buy their way to success to cover up lackluster execution and skill.
- miiiiiike 3y agoI get your meaning, but not all competition is sport. You don't have to go horse to horse with your competition if you have an F-35.
- miiiiiike 3y agoI also think this kind of VC puts some of the companies that take it to bad spots. Not all markets can support it. Look at Substack. They came in and bought out the newsletter/indie media whatever market. Unfortunately it’s not the kind of market that’s likely to make that investment back.