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Cash is the least concern. I listened to a podcast about the history of Microsoft and there were times where Gates said "at least it was only money" or somethin
by bko 1y ago
Cash is the least concern. I listened to a podcast about the history of Microsoft and there were times where Gates said "at least it was only money" or something to that effect.
Microsoft floundered an entire decade on mobile and Windows Vista when they were going to lose out on Google that was literally paying OEMs to use their software and Apple, who had a vertical stack and made money off hardware. Huge setback in terms of focus that took them a long time to recover from.
The main constraint is focus of talent to work on one thing. This is a huge move in terms of coordinated effort into this space that may or may not pay off.
- paxys 1y agoThere's a pretty common saying in the tech industry - "if you can solve a problem by throwing money at it then it isn't really a problem".
- hn_throwaway_99 1y agoI've been in the tech industry a quarter century, I've never heard this "pretty common saying" before, and most importantly I don't think it makes any sense. If anything, tech excels at disruption, where smaller competitors and new ideas are able to solve problems where "just throwing money at it" has failed.
- paxys 1y ago> I don't think it makes any sense > tech excels at disruption, where smaller competitors and new ideas are able to solve problems where "just throwing money at it" has failed I don't think you understand the saying then, because this is exactly its point.
- hn_throwaway_99 1y agoD'oh, I fail at reading comprehension - I read the "can" as "can't" for some reason. Dunce cap for me.
- ToucanLoucan 1y agoI challenge you to name a tech unicorn who's biggest advantage wasn't the ability to hemorrhage money over a period of time that would've killed any normal business stone dead.
- GabrielBen 1y agoInstagram, Whatsapp
- paulddraper 1y agoStripe
- SkyPuncher 1y agoI have literally never heard this.