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the venture capital grift: 1 investment Invest a large amount of cash to quickly build a desireable, feature rich platform. 2 hypergrowth Offer service at a loss to gather a massive audience and put the competition out of business. 3 exit Change the platform rules and add fees to squeeze more money captive users and creators - and profit!

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the venture capital grift: 1 investment Invest a large amount of cash to quickly build a desireable, feature rich platform. 2 hypergrowth Offer service at a loss to gather a massive audience and put the competition out of business. 3 exit Change the platform rules and add fees to squeeze more money captive users and creators - and profit!
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Dzuk (dzuk@weirder.earth)'s status on Sunday, 30-Jan-2022 18:52:22 UTC Dzuk
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Comradery has a pretty decent summary of why *anything* with Venture Capital involved is inherently untrustworthy

In conversation Sunday, 30-Jan-2022 18:52:22 UTC from chirp.cooleysekula.net permalink