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These startups aren't even making pipes in a factory. They're building absolutely dumb stuff that offer marginal life improvements ("15-minute delivery") or no
by spaceman_2020 3y ago
These startups aren't even making pipes in a factory. They're building absolutely dumb stuff that offer marginal life improvements ("15-minute delivery") or no improvements at all (crypto).
Literally tens of billions have flowed into startups in just the above two categories. If both were to disappear from the face of the Earth tomorrow, you'd miss them for about 5 seconds.
- spondylosaurus 3y agoDon't forget all the apps that do nothing! Am amazing example I saw recently was a startup whose app supposedly helped you break your monthly rent payment into two smaller biweekly payments, except all it did was hold on to part of your midmonth paycheck until the end of the month so you couldn't spend it. The best part is that was positioned as a way to help low-income people who suck at budgeting, but you had to pay $20/mo for the privilege of using it.