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...because the model is just wrong and broken and it's only useful for exploiting people in the benefit of those in the "inner circle". Business is more like ev
by nnq 13y ago
...because the model is just wrong and broken and it's only useful for exploiting people in the benefit of those in the "inner circle". Business is more like evolution and has less tolerance for plainly broken models: even if you want to get to "the top", you still need to make profit for most of the way up there, just like in evolution every variation must provide some kind of clear immediate fitness benefit (not just "hope of great great benefit , but after n generations in the future").
Now, in business you can get close to "the top" by riding on investors' money, but someone still has to make profit on every step of the way, only that "every step of the way" may be more like "the aggregated profit of all companies fueled by one investment fund in a period of time" or something like that.