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We're just envious of the money; we don't actually think making cute web apps is a sustainable billion dollar business (or rather, it is, but in the true spirit
by _pmf_ 13y ago
We're just envious of the money; we don't actually think making cute web apps is a sustainable billion dollar business (or rather, it is, but in the true spirit of classic Ponzi schemes).
- greendata 13y agoI'm not sure I'd consider Apple, Google, Genentech, and Oracle "cute apps". I think for every Apple you're going to have 100 maybe 1000 companies that are near worthless. It's just part of the chaotic process that must be accepted if you want the good parts.
- octaveguin 13y agoThose cute web apps tend to be changing the way business and consumption is handled on a day to day basis for almost every level and every facet of the economy. The only Ponzi scheme argument is one that includes the entire western economy. Or are you talking more specifically about the net-loss web app companies that tend to only pepper the frenzied investment of the valley?