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> I don't see how that can be interpreted that way in context. It's not an interpretation...chromatic suggested Redefine "innovation" as "generate money for VC
by frostmatthew 13y ago
> I don't see how that can be interpreted that way in context.
It's not an interpretation...chromatic suggested Redefine "innovation" as "generate money for VCs" and you apparently agree with that as a possible (though delusional) definition by the user you quoted - I disagree with that quote as attempting to define innovation.
Let's replace the word innovation with chromatic's definition in what you quoted:
"[generating money for VCs] is a vehicle for the creation of wealth. [generating money for VCs] is in and of itself fairly worthless. The only reason the concept of [generating money for VCs] is so popular is because of the value (and the valuations) we put on companies who are seen to be [generating money for VCs]"
I do agree with you defining innovation as generating money for VCs is delusional, I just disagree with what you quoted as an attempt to define innovation.
- freshhawk 13y agoAh, I see. I wasn't arguing that the person I quoted was using the word innovation in that way but that they were explaining the same worldview: That the benefit of innovation is the generation of profit.