4 ms·
I wonder to what extent the law of unintended consequences will show its ugly head here. While it is cool that literally everyone and their moms can start a ne
by bicknergseng 15y ago
I wonder to what extent the law of unintended consequences will show its ugly head here. While it is cool that literally everyone and their moms can start a new business or make apps or something like that, I bet it contributes to the boom/bust cycle. I guess I wouldn't have it any other way though...
- vnchr 15y agoRisk management definitely needs to be a primary consideration for this to scale without exploding.
- kokey 15y agoThat's a very valid concern. The effect of this can create a boom cycle especially since allows a mass of less experienced players into the market. We've seen this with buying stocks and the property market. That said, I also wouldn't have it any other way , it's really about reducing barriers to new business and something that's needed. It would be nice to see this sort of thing in the UK, but I think it is unlikely.