Comment Comment by benjaminwootton I definetly think a lot of the startup world view is just a function of low rates.Startups could run for decades with $billions in losses and only a passing focus on eventual profits.All of those losses flowed into the bank accounts of big tech (via AWS credits, Google and Facebook Ads).All of the high salaries, employee expectations and leverage in tech startups and big tech derive from that spigot of cheap money.What if it was all just an illusion for a few decades? It’s going to be a bumpy readjustment when it’s all that most of us have known. parent benjaminwootton 3 years ago
Startups could run for decades with $billions in losses and only a passing focus on eventual profits.
All of those losses flowed into the bank accounts of big tech (via AWS credits, Google and Facebook Ads).
All of the high salaries, employee expectations and leverage in tech startups and big tech derive from that spigot of cheap money.
What if it was all just an illusion for a few decades? It’s going to be a bumpy readjustment when it’s all that most of us have known.