keccers
@keccers.eth
RIP to the American small business https://x.com/byHeatherLong/status/1888261980324085821
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Omar
@dromar.eth
Big influence from Private Equity, most of those small businesses are service industries and PE has consolidated most. My brother who is in home services was telling me 12 years ago when he started he would talk to plumbers and HVAC services directly. Now most conversations happen with a PE firm.
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gFam.live (UrbanGladiator)
@gfam
I blame the healthcare industry for this one.
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helladj
@helladj
500 seems pretty big
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Funut
@funut
'Almost as if there was a plan.'
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tyler ↑
@trh
Massive L if true (500 is a very large smb as has been said). But there’s hope. “There was a sense that the key to progress was ever-larger corporations, that if we let companies get bigger they would be more efficient, they would generate all these benefits” [this kind of wanders, so I might think on it and get it down tight] My first thought was that this seems easily debunkable by now, a relic of modernist hubris. But it’s not as clear as cultures & economies shifted online and expensive technology enabled large firms to concentrate power. The hope though, is that Small makes a comeback using Big’s playbook: technology-enabled concentration around niche solutions.
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Jayme Hoffman
@jayme
I struggle to believe this. Are they including every creator on youtube, insta, tiktok, and seller on Etsy, poshmark, fb marketplace, etc? It feels like the nature of small businesses is changing.
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drewcoffman
@drewcoffman.eth
:(
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miguelito
@mc
How much of this is due to private equity rollups?
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helladj
@helladj
Oh I get it now
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WooDee 🎩🍖🧾Ⓜ️
@woodee.eth
it happen worldwide, not just in the states
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Payment Bot
@paybot
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