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I wouldn’t say it’s so much “greed” as business models that don’t actually make money. Take investor money until you’ve gotten as big as you can with billions
by colechristensen 3y ago
I wouldn’t say it’s so much “greed” as business models that don’t actually make money. Take investor money until you’ve gotten as big as you can with billions in valuation while making little to no profit, change business models to try to make yourself actually profitable, and in doing so “ruin” what was only possible while being supported by hopeful patient investors.
Thus begins your decline and the gamble for who gets stuck holding the bag.
- berniedurfee 3y agoI think that qualifies.
- TX81Z 3y agoYes, but you can flush billions down the drain and if you get a nice title along the way it doesn’t matter in Silicon Valley. A VP who oversaw a billion being set on fire will still be hired as a VP at the next company as long as that money was burned on the tech trend of the moment.