What’s the business model?
“We go public or get bought out by someone with the opposite problem – too much profit, not enough user growth.” The business model is an exit for the investors.
“BlackRock will eat it. They’ll eat anything.” No one cares how many
actual business models get wrecked in the process. How many useful jobs are lost in the process. The new fixed income or currency trader on Wall Street will never need health care, or take a vacation or grab a female co-worker’s ass. It’s a chip on a server. Much cheaper to employ, much easier to manage.
Automate everything, outsource the rest – it’s cheaper for the customers.
“But now there are no customers left, no one has the money to be a customer anymore.”
Congrats on your efficiency.
- Start up
- Cash in
- Sell out
- Bro down
“Let’s take a product or service that people used to charge for, make a worse version and give it away for free!” Why would we do that?
“Bro down.”
Clay Christensen’s book on disruption, ‘The Innovator’s Dilemma’, has been twisted into an entirely different book. It was once the Bible, now it’s the Necronomicon – the book of the dead.
Even money is free. The people and firms with the least need to borrow it can borrow it with abandon. Apple can have as much money as it wants, virtually free. They have no idea what to do with it. The US and German and Japanese governments can borrow for free. Then what? There is nowhere to put the money and no will to risk using it for the future. The electorate is old. They don’t care about the future. They don’t have one, just a present. We live in their basement. We live in their extended past.
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