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I think it's sort of wild that these companies are basically free from profit pressures for a while with VC funding, create fundamentally unsustainable businesses, then get double smacked when the VCs move on to a competing sector of businesses... cristinagberta/1509276735086501897Permalink On twitter.com
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Mood +3 🙂
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Like not only does your business not work, but now it also has to deal with the pressure of profit-free startups trying to monopoly you out of business the same way you already tried and failed to do with your entry competitors and this is like the third iteration of this cycle.Permalink On twitter.com
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Mood +1 🙂
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Like, maybe VCs creating a tiny capitalism-free landscape for a new genre of startups every 20 years is: not particularly stable for the economy, not good for those companies, and not good for consumers? Perhaps forcing them to turn a profit immediately would be more helpful?On twitter.com
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Mood +2 🙂
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I mean the right answer is to seize the wealth of all VCs and redistribute it, but until then if you're going to play at being capitalists, perhaps you should actually do capitalism?Permalink On twitter.com
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Mood +3 🙂
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I mean... also it's insane to try to sell a SaaS instacart platform to small to mid size local grocers. Talk about disconnected from the market. The fact that anyone sees that as possible and not prima facie doomed is proof these companies never were grounded in baseline reality.Permalink On twitter.com
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Mood -4 🙁