That was a great analysis of their technology, but I don't think this is everything wrong with tech investing.
I think there are larger implications about how VC driven start-ups could be changing society for the worse. Whether the infringements upon the rights of lets-not-call-them-employees in 2-sided markets, or $1B valuations given to free apps whose users are [perhaps unknowingly] paying with their personal information, there is quite a lot to unpack to say the least.
A great tech writeup but I think he misses the mark on "everything wrong."
I think there are larger implications about how VC driven start-ups could be changing society for the worse. Whether the infringements upon the rights of lets-not-call-them-employees in 2-sided markets, or $1B valuations given to free apps whose users are [perhaps unknowingly] paying with their personal information, there is quite a lot to unpack to say the least.
A great tech writeup but I think he misses the mark on "everything wrong."