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This is a pretty interesting article and speaks to how "tech" as a business and investment vehicle isn't really about technology anymore it's about business methodology... alex/1120330473891405824Permalink On twitter.com
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Mood +3 🙂
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What is a "tech" company? - has raised millions from many different capital sources - multiple venture rounds - operated at deficits to scale - structured to eventually IPO - operates out of CA - negative gross margins for multiple years - explosive growthOn twitter.com
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in case it is unclear here I am pulling this directly from the Crunchbase article linked in the tweet above news.crunchbase.com/news/should-we-cover-beyond-meats-ipo/Permalink On twitter.com
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I think this isn't just about what Crunchbase/Techcrunch covers or doesn't cover, it is a reflection of how tech does business and how the people who made money in big tech do business...Permalink On twitter.com
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Which is to say: you are a "tech" company if you take advantage of capital to create pro-monopolistic conditions for your company, undervaluing your product in order to create conditions that will drive out competitors. Chronotope/813775440590635008Permalink On twitter.com
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Monopoly is the new Silicon Valley way.Permalink On twitter.com
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