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He's a (big tech) skeptic, not a big (tech skeptic). Thiel and other VCs stand to gain when competition from startups they would invest in have a chance to unse

He's a (big tech) skeptic, not a big (tech skeptic). Thiel and other VCs stand to gain when competition from startups they would invest in have a chance to unseat the big tech conglomerates.

scarface_74 2y ago
They have no desire to unseat BigTech, they want to be acquired by them. In no world is a startup going to unseat Apple, Amazon, or Microsoft. Google and Facebook maybe. VCs don’t want to touch hardware with a ten foot pole (Apple), competing with Amazon would be a money sink to duplicate all of the infrastructure as would Microsoft (who cares about desktop operating systems and the enterprise will never leave MS).
- webmaven 2y ago
  That's the same thing, the credible "chance to unseat" becomes "motivation to acquire", leading to a much faster and more certain exit. Of course, that's exactly the pattern of behavior that is seen as problematic.
- sangnoir 2y ago
  > They have no desire to unseat BigTech, they want to be acquired by them. Acquisitions are one way to make money off big tech. Breaking them up and buying parts of them for cents on the dollar are another, especially if you can issue barely veiled threats of government-backed retaliation if they refuse to come to the table with your allies/fronts. With a "loosened regulations" regime, IPOs may be even more profitable than acquisitions.
  - scarface_74 2y ago
    Out of literally thousands of YC companies for instance , less than a dozen have IPOd. There is very little chance that a startup will IPO especially now that the public markets have gotten wise to the VC funded Ponzi scheme where they treat the public market as the bigger fool
    - deleted 2y ago
      [deleted]
    - sangnoir 2y ago
      I'm talking about buying pieces of big tech and selling them to the public via IPO. I don't thr the public has gotten wise to anything when POTUS and FLOTUS have "meme" crypto coins.
      - scarface_74 2y ago
        I mean half the people buying meme coins are doing it to bribe Trump and the other half think he was literally sent by God. The latter half aren’t going to be buying stocks at IPO

He's a (big tech) skeptic, not a big (tech skeptic). Thiel and other VCs stand to gain when competition from startups they would invest in have a chance to unseat the big tech conglomerates.

scarface_74 2y ago

They have no desire to unseat BigTech, they want to be acquired by them. In no world is a startup going to unseat Apple, Amazon, or Microsoft. Google and Facebook maybe. VCs don’t want to touch hardware with a ten foot pole (Apple), competing with Amazon would be a money sink to duplicate all of the infrastructure as would Microsoft (who cares about desktop operating systems and the enterprise will never leave MS).

webmaven 2y ago
That's the same thing, the credible "chance to unseat" becomes "motivation to acquire", leading to a much faster and more certain exit. Of course, that's exactly the pattern of behavior that is seen as problematic.
sangnoir 2y ago
> They have no desire to unseat BigTech, they want to be acquired by them. Acquisitions are one way to make money off big tech. Breaking them up and buying parts of them for cents on the dollar are another, especially if you can issue barely veiled threats of government-backed retaliation if they refuse to come to the table with your allies/fronts. With a "loosened regulations" regime, IPOs may be even more profitable than acquisitions.
- scarface_74 2y ago
  Out of literally thousands of YC companies for instance , less than a dozen have IPOd. There is very little chance that a startup will IPO especially now that the public markets have gotten wise to the VC funded Ponzi scheme where they treat the public market as the bigger fool
  - deleted 2y ago
    [deleted]
  - sangnoir 2y ago
    I'm talking about buying pieces of big tech and selling them to the public via IPO. I don't thr the public has gotten wise to anything when POTUS and FLOTUS have "meme" crypto coins.
    - scarface_74 2y ago
      I mean half the people buying meme coins are doing it to bribe Trump and the other half think he was literally sent by God. The latter half aren’t going to be buying stocks at IPO