Two sides to every story. The best way to produce conversation is to open it with a statement of belief, and then to listen to the other side.
While I don't have a dog in this fight, it would be enlightening to hear a different point of view.
I picked this up from "Of Two minds".
Of Two Minds - What If There Are No More Googles, Facebooks or AirBnBs?
Having lived through a number of major economic changes... The WWII scale up of industry, The textile revolution... The expansion of the Automotive Industry... The introduction of computers to business, and of course the past 20 years of hi tech advances...
....... I wonder if Charles Hugh Smith has a point in his review of "unicorns".
And, if not just IPO start ups, could there be a point of diminishing returns where the technology surpasses the needs?
Thoughts?
While I don't have a dog in this fight, it would be enlightening to hear a different point of view.
I picked this up from "Of Two minds".
Of Two Minds - What If There Are No More Googles, Facebooks or AirBnBs?
It's an article of quasi-religious faith in tech circles that a few of the hundreds of start-ups touting their "disruptive" potential will blossom into super-profitable giants like Google and Facebook, or fast-growing companies like AirBnB that may not yet have profits but which have scaled fast enough to dominate their space--and richly reward early investors.
Two recent Guardian (U.K.) stories on the Digital Gold Rush frenzy in San Francisco and Silicon Valley cite this faith in the inevitability of "the next big (and hugely profitable) thing" as the basic justification for investors and venture capitalists to spread billions of dollars over hundreds of new start-ups--many which started somewhere else in the world but which migrated to the Bay Area to tap the seemingly inexhaustible venture-capital vein of cash.
Having lived through a number of major economic changes... The WWII scale up of industry, The textile revolution... The expansion of the Automotive Industry... The introduction of computers to business, and of course the past 20 years of hi tech advances...
....... I wonder if Charles Hugh Smith has a point in his review of "unicorns".
And, if not just IPO start ups, could there be a point of diminishing returns where the technology surpasses the needs?
Thoughts?