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I think that was a function of the VC model of "throw 15 baseballs, hope one gets hit out of the park". Hit it out of the park is usually meant somehow jamming

by pydry 3y ago

I think that was a function of the VC model of "throw 15 baseballs, hope one gets hit out of the park". Hit it out of the park is usually meant somehow jamming yourself into a pre-existing economic relationship (taxis, food delivery, apartment rentals) and extracting rents. Hopefully high interest rates will cause those "startups" to die a grisly death.

lotsofpulp 3y ago
“Somehow jamming yourself” by doing research and development to create hardware and software that enabled the pre existing relationship. Bringing GPS/mobile broadband/mapping apps/smartphones together to create a better experience is obviously worthy of something.