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I agree with what you're saying, but terminology needs to be clarified. "Tech" nowadays means the more-narrow "information tech". There are other industries t
by xyzzy4747 3y ago
I agree with what you're saying, but terminology needs to be clarified.
"Tech" nowadays means the more-narrow "information tech".
There are other industries that have technology (for example aircraft) but the pace of development is so slow nobody considers it tech anymore.
- legitster 3y agoWell that's kind of my point that "tech" is an ill defined word, but people use it to "heavily imply" a certain kind of business model. It would also be silly to call an aircraft company a "technology" company - I think most investors should consider them a manufacturing concern.
- xyzzy4747 3y agoTrue nowadays but if you're living in the year 1920, aircraft is much more of a tech company.
- legitster 3y agoThey made their money manufacturing planes, not developing the technology. In the year 1920 they would have called themselves manufacturers and described themselves to investors as manufacturers. And investors would have cared about things like unit economics. I understand what you are saying, but when we describe a company as a "tech company" we are talking about something specific about their business model - not necessarily how innovative their products are.