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I dunno, for all the perceived (and real) failures, the last few generations of these experiments have spawned some of the highest earning, and arguably transfo
by nrb 2y ago
I dunno, for all the perceived (and real) failures, the last few generations of these experiments have spawned some of the highest earning, and arguably transformative, companies in history.
- bmitc 2y agoWhich ones?
- edanm 2y agoWhich huge companies were spawned from the last few decades of startups raising VC? I think almost all the biggest companies today? Here's a list I grabbed of the highest market-cap companies: 1. Apple 2. Microsoft 3. NVIDIA 4. Alphabet (Google) 5. Amazon 6. Saudi Aramco 7. Meta Platforms (Facebook) 8. Berkshire Hathaway 9. TSMC 10. Tesla Of this list, here are "startups" that raised VC money: 1. Apple 2. Microsoft 3. NVIDIA 4. Alphabet (Google) 5. Amazon 6. Meta Platforms (Facebook) 7. Tesla So more than half of the top-10 biggest companies today were these kinds of startup "experiments". And of course, these are just the biggest companies, and don't include many things I interact with on a day-to-day basis, which are incredibly valuable to me, e.g. Netflix, ChatGPT, YouTube (part of Alphabet but important enough to warrant mentioning), etc.
- antihero 2y agoChallenger banks have been pretty great for all their failings, at least in the UK. Can’t believe people actually used to charge you for being broke. E2E encrypted messaging that is accessible to people and works using data has been transformative. Twitter has changed the landscape of communication. Streaming music and video services have changed the way people consume media and shaped the way it’s created and broadcast.