July
@july
Interesting article - a perspective I hadn’t seen as much so far https://www.wheresyoured.at/subprimeai/ https://www.wheresyoured.at/saaspocalypse-now/
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links 🏴
@links
Choice quote, “Well, it’s the natural result of a tech industry that’s become entirely focused on making each customer more valuable rather than providing more value to the customer.“ As soon as you aim for money over everything else, you’re left with nothing. It’s why OpenAI started as a not-for-profit. The company org structure itself can limit your impact potential.
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res ipsa ☺︎
@resipsa
haunting quotation! i recently read "Everything I Know About Business I Learned from the Grateful Dead" by Barry Barnes, and have been thinking about what it means for a tech project to be "ambitious enough" as to be "venture-scale" today. the prevalent framework as a downstream effect of the quote you cited seems to be that it is not enough to aspire to make a lot of money, but a project also has to aim to eventually make all the money there is to be made in its TAM. this bias informs a lot of the tech industry's decisions on values/missions, resulting in outcomes that may well be beneficial to bottom line but perhaps net-detrimental to how society progresses over a longer horizon. (i should pause now to think about how naive i sound)
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links 🏴
@links
Like every good thing, it’s when people take it too far that it ceases to be useful. VC funding is meant for moonshot ideas. It’s because of the financial success of this model that there are more VCs demanding more moonshot ideas and creating an industry to funnel founders to them. Now every idea MUST be a moonshot, or else it can’t get funded. Founders are shifting the balance tho. More of them are attempting bootstrap or delaying funding as much as they can. If we get some breakout successes, we may see the next era of business in our lifetime
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