Comment on 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.
Daft_ish@lemmy.world 1 year ago
Good, open the market for true innovation.
That’s not what’s happening.
Now it’s just ‘open the market for VCs to suck the good out of everything they can’
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.
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.
Who were the VCs of the 19th century?
I have verifiably never been active military or served in Nam but the first thought that came to my head was Veit Cong.
I’d argue Venture Capitalists have done more damage to the world than the Vietcong ever did.
mods_are_assholes@lemmy.world 1 year ago
That’s not what’s happening.
Now it’s just ‘open the market for VCs to suck the good out of everything they can’
Telodzrum@lemmy.world 1 year ago
Always was
mods_are_assholes@lemmy.world 1 year ago
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.
Telodzrum@lemmy.world 1 year ago
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.
Knock_Knock_Lemmy_In@lemmy.world 1 year ago
Who were the VCs of the 19th century?
Daft_ish@lemmy.world 1 year ago
I have verifiably never been active military or served in Nam but the first thought that came to my head was Veit Cong.
mods_are_assholes@lemmy.world 1 year ago
I’d argue Venture Capitalists have done more damage to the world than the Vietcong ever did.