Earlier quoted context omitted.
Disruption requires inefficiencies/skirtable regulations in the existing system. In this case the system is capitalism itself. As long as software development and user acquisition requires capital, software doesn’t seem all that different from other capital intensive activities. IMO this will change when 1. Regulations and/or cultural norms inhibit user-hostile behavior. Or 2. capitalism itself changes
Venture Captital is not the same as capitalism. In fact, you could argue that the hyper-growth pro-monopoly attitudes of VC firms is decidedly anti-capitalist in as much as they are anticompetitive behaviours. Arguing that the current system is the only one that will work, regardless of how broken it is, is a very dangerous position to advocate for and an anti-pattern that would eventually lead us away from a fair an…
I'm old enough to remember when you could start a business by going down to the bank and borrowing money with a 5 year term. The problem is you can't play in a winner take all market with a slow steady growth model any longer. The multi national monopoly with a stake closest to your business model will just crush you for fun.
This results in new ideas being go big or go home. May as well not play unless you're going to over borrow and try to grow so fast that you corner the market over night. Once you get the market cornered though, you gotta pay back that loan.
It would be rad if there was enough pie for people to have a good idea and get some customers and pay all their people and go home without needing endless growth.