4 ms·
This website offers a very venture capital take on ideas. They present it as if the single determining factor if an idea was great is the valuation at which it
by fxtentacle 8mo ago
This website offers a very venture capital take on ideas. They present it as if the single determining factor if an idea was great is the valuation at which it was sold. I don’t really understand why they think that should nullify valid criticism about the early beta versions of software that turned out popular later.
Also, just because a company has a lot of revenue that doesn’t automatically make it a successful company. Economics crashed and burned while still growing revenue day over day. And the jury is still out if OpenAI will ever be able to pay back the billions it borrowed.
- spprashant 8mo agoI think it proves that you could have valid criticisms about the viability of the product but markets are often irrational. Bitcoin is probably the most blatant example, a product which has close to zero utility but is currently has a market cap of 1 point something trillion.