this post was submitted on 02 Jul 2023
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Does anyone else find it really funny that the model just doesn't exist? The Vultures Capitalists are busting at the seems for 20 years now, the next big app is gonna break free! but no, its not.
The actual start-ups never need to profit. The VCs invest early when they are worthless, hype the shit out of them, and liquidate their positions at IPO time to start the cycle anew. A bunch of suckers get left holding newly minted overvalued stock in doomed companies.
Yea, sounds right. Or as the imminent humanities scholar and Chicago saloon owner, Michael Cassius McDonald once put it, "...There's a sucker born every minute."