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this post was submitted on 14 Sep 2023
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Agreed, VC have poured free money into excellent, but unsustainable businesses trying to chase 'growth' long enough that they can sell out just before everyone realizes that it won't make money. It's just a scam of rich people preying on other rich people.
Instead of trying to build a self sustaining company to begin with (which requires hard work to balance revenue against customer needs and desires) they build 'free' products that people love, but can't make money, only to switch the company to crappy products that people hate, but now are trapped into using.
Our entire digital economy is built on these bait and switch companies and it sucks