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Couldn't agree more on the VC front. To take it even further, what provides more value? Instagram or OpenSea (NFT marketplace)? When you stop and think about
by freeplay 3y ago
Couldn't agree more on the VC front.
To take it even further, what provides more value? Instagram or OpenSea (NFT marketplace)?
When you stop and think about it, it's the Spiderman meme. They are both pretty useless and are most likely a net negative to society.
- nwah1 3y agoBoth may be a net negative to society, but the major social media companies collect quite a lot in advertising revenue, and are thus profitable to the shareholders. OpenSea was only profitable while there were still suckers available. Not at all the same. Instagram is more like Exxon or something. A very profitable enterprise whose social harms may not be adequately internalized, and would require legislation to fix.
- freeplay 3y agoprofitable != providing value There's a ton of cool tech that provides a ton of value and makes little to no money.