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Comment by 9rx

Trouble is that there isn't much the consumer is willing to pay for anymore. They've become accustomed to devices like their phone where a single purchase fulfills an endless number of functions. The thought of buying much more is becoming a foreign concept. To complicate matters: For what they are not buying, they aren't saving up the money ready to deploy when something compelling does come around. They've decided to redirect that money into paying more for things like housing instead. Good luck chipping that away.

There is still plenty of opportunity to build a business that sells to customers who are collecting those angel checks (directly or indirectly). But that is dependent on at least some businesses being funded by angels.

parent 9rx 1 year ago

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