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Remember when people believed that some kids in a garage could do something big and special? Now they think only FAANG and VCs can do it. Now kids drive for Ube
by wolverine876 3y ago
Remember when people believed that some kids in a garage could do something big and special? Now they think only FAANG and VCs can do it. Now kids drive for Uber and post for Instagram / TikTok / etc.
It's a big big loss, a critical loss. It's hard to imagine how it won't impact innovation.
- marcinzm 3y agoI'm not sure why you put VCs into that group since it makes it easier for a bunch of kids to make a business. I mean kids who don't have rich parents to cover all their costs. edit: Another big difference is that kids now would be focused on crypto and, now, AI which are the hot growing trends just like the internet used to be.
- wolverine876 3y agoI'm thinking of VCs as gatekeepers. In some senses, VCs are no different than FAANG, who could acquire and fund the kids.
- deleted 3y ago[deleted]