When I started angel investing in the late 1990s, a tech investment included a significant technology risk, with the potential upside being groundbreaking innovation. Being an investor at this time meant taking a considerable technology risk and betting on actual tech, such as nanotech, semiconductors or biotech.
E-commerce, albeit hyped and interesting, was not considered tech. It was “Business 2.0”, plain and straightforward, hype included.
Stop calling them tech companies: GenAI and SaaS — are they really tech? It’s time to call a spade a spade.
Submitted 2 days ago by Tea@programming.dev to technology@lemmy.zip
https://sifted.eu/articles/opinion-stop-calling-them-tech-companies
RobotToaster@mander.xyz 2 days ago
They’re shovels not spades though. They shovel shit.