Tech Used to Be Bleeding Edge, Now it’s Just Bleeding | After a decade of scandals and half-assed product launches, people are no longer buying the future Big Tech is selling.::After a decade of scandals and half-assed product launches, people are no longer buying the future Big Tech is selling.
That’s not what’s happening.
Now it’s just ‘open the market for VCs to suck the good out of everything they can’
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I’d argue Venture Capitalists have done more damage to the world than the Vietcong ever did.
Always was
Before Neoliberalism, VC type investing was done with a view for the future.
Nowadays it’s all ‘drain the value, dump the husk, move on to the next startup’.
It’s parasitic and on a scale never before seen in human history.
Who were the VCs of the 19th century?
Bad, horrible, revisionist take. The idiots now are the same as the idiots then, they just were your heroes so you don’t want to hear it.
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Omg, it’s becoming self aware!