3 ms·
I think this post, like yours is simply forgetting that start-up culture isn't some immutable meritocracy of free market behaviour with these odd abberations of
by gremlinunderway 3y ago
I think this post, like yours is simply forgetting that start-up culture isn't some immutable meritocracy of free market behaviour with these odd abberations of irrational behaviour. The whole thing is built off irrational behaviour, because becoming a "successful" startup is all about hunting VC funding.
Look at Uber for instance. Aside from one blip in 2018, it has never had a single year of profitability. Yet it receives year after year of VC funding and investments because surely any day now they have to turn a profit, right? All these people couldn't be wrong...right? I mean this is the revolutionary business that was a mArKeT DiSruPtOr and deregulated entire vast swaths of industries to do it, so surely their success will materialize "any day now" into profit. Afterall, its the most free-market principles-based business right?? It overthrew the tyrannical state-regulated taxi industry! It HAS to be more efficient and better! Except it isn't.
Quantum computing isn't a "cargo cult" of VC startup business models, its simply another VC startup business models like all others hunting for sustainability through venture capital funding.