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TV series about startup failures

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Re: TV series about startup failures

#51

Post by nicgrev103 »

prepend wrote: post #43
nicgrev103 wrote: post #3

'Halt and Catch Fire' (Fictional but good) 'Sillicon Valley' (Fictional and comedy but also good) 'The Playlist' (About Spotify, which isn't failure)

> About Spotify, which isn't failure Is that true? They are still losing money after, what, 10 years? I like Spotify but I don’t think they are out of the woods yet. Just like I wouldn’t call WeWork (isn’t a failure) in 2018.

I guess I meant all the other suggestions documented failures or at least 'falls'. Spotify may not make money but it is still running and hasn't suffered a fall to the same extent as the other real life examples.

Re: TV series about startup failures

#52

Post by ghaff »

bombcar wrote: post #47
blantonl wrote: post #46

Earlier quoted context omitted.

I would argue that the mobile communications device called the "iPhone" is one of the most significant technology innovations developed in the past 100 years. Love it, hate it, whatever, but it completely revolutionized what is practically access to "everything". You will be hard pressed to find an American consumer, from the richest guy to homeless people on the street that don't have a mobile communications device…

The iPhone is 15 years old, so it wasn't in the last decade.

No. But ubiquity and smartphones being just part of the fabric of everyday life comes pretty close to squeezing into the last decade. I didn't have one until probably 2011 (iPhone 3GS) and I'm not really a technology laggard.

Re: TV series about startup failures

#53

Post by revelio »

allendoerfer wrote: post #28
throwawayxxdd wrote: post #24

Earlier quoted context omitted.

no startup can compete against an america company backed by endless cheap money. Not that founders dont want to turn a profit its just a cruel game and its the way its until cheap money ends in USA(it never happens bcz no gov wants recession on their watch).

Cheap money has ended, hasn‘t it?

Yes but only very recently. Many funds are still sitting on huge sums that were raised in the past years.

Re: TV series about startup failures

#54

Post by kerkeslager »

babayega2 wrote: post #9

One of the funny/sad consequences of watching Silicon Valley, is that a lot of my friends (in my African country where only 4% has electricity) think that the startup need to expand no matter what, even if it has no viable business model, you can run a "budgetivore" business for many years like Linkedin/Amazon and in the end you will find a business model. So imagine. Instead of building good and sound startups that…

> One of the funny/sad consequences of watching Silicon Valley, is that a lot of my friends (in my African country where only 4% has electricity) think that the startup need to expand no matter what, even if it has no viable business model, you can run a "budgetivore" business for many years like Linkedin/Amazon and in the end you will find a business model.

> So imagine. Instead of building good and sound startups that can be champions in the country/region, they waste the meager resources available in the country on fake startups/crypto-scams.

So is the problem here just that your country has fewer resources?

There are plenty of rich people in developed countries who could be champions of the country/region but waste the resource available on sociopathic business models which are absolutely as predatory as crypto scams, all while dodging taxes, drawing on corporate welfare, and creating lower-paying jobs that displace higher-paying jobs.

Nobody likes a crypto scammer, but I'd argue that the average large-scale landlord in the US does far more damage.

Re: TV series about startup failures

#55

Post by mellosouls »

mnky9800n wrote: post #39
blantonl wrote: post #27

The "problem" is we really are in an technology revolution similar to the industrial revolution 200-300 years ago. For every 100 tech startup businesses that don't generate a penny of profit and are propped up by hyper valuations and stock prices, there are companies like Facebook and Google and Apple that absolutely print money in profits. That in turn covers the outlay by venture money. All those companies that bur…

What technology has come out in the last decade that isn't an increment or miniaturization?

GPT!

We are in a transformative moment right now with GPT3 onwards, as great as anything in the computer era.

Re: TV series about startup failures

#56

Post by SV_BubbleTime »

epolanski wrote: post #12
babayega2 wrote: post #9

One of the funny/sad consequences of watching Silicon Valley, is that a lot of my friends (in my African country where only 4% has electricity) think that the startup need to expand no matter what, even if it has no viable business model, you can run a "budgetivore" business for many years like Linkedin/Amazon and in the end you will find a business model. So imagine. Instead of building good and sound startups that…

That's not what your African friends think, that's literally a very huge part of the startup ecosystem anywhere. I have worked in few startup incubators, and most of the companies I've seen are merely interested in getting a good evaluation and getting bought from someone else. The amount of startups I've seen with the interest of actually making any "profit" is very low. I think this is also a reflection of several…

The era of Free Money couldn’t end fast enough. We’re likely in for some hard times, but it wasn’t sustainable, and we had a 10 year period with almost zero innovation.

I hope it works out, because seriously the last decade plus shouldn’t have gone down the way it did.

Re: TV series about startup failures

#57

Post by SV_BubbleTime »

zx8080 wrote: post #25
epolanski wrote: post #12

Earlier quoted context omitted.

That's not what your African friends think, that's literally a very huge part of the startup ecosystem anywhere. I have worked in few startup incubators, and most of the companies I've seen are merely interested in getting a good evaluation and getting bought from someone else. The amount of startups I've seen with the interest of actually making any "profit" is very low. I think this is also a reflection of several…

Isn't is because of a "free money" thing?

IMO, absolutely.

I just don’t know who exactly to blame for that. It seems to be a competition between gov spending, “quantitative easing” (brrrrrrrrrt), and the Fed’s insistence that near zero percent rates forever would work. It seems to me that all of those cause the other though.

Re: TV series about startup failures

#58

Post by ghaff »

mellosouls wrote: post #55
mnky9800n wrote: post #39

Earlier quoted context omitted.

What technology has come out in the last decade that isn't an increment or miniaturization?

GPT! We are in a transformative moment right now with GPT3 onwards, as great as anything in the computer era.

While possible, I'm not ready to put all my chips on that particular bet yet.

Re: TV series about startup failures

#60

Post by [deleted] »

blantonl wrote: post #46
mnky9800n wrote: post #39

Earlier quoted context omitted.

What technology has come out in the last decade that isn't an increment or miniaturization?

I would argue that the mobile communications device called the "iPhone" is one of the most significant technology innovations developed in the past 100 years. Love it, hate it, whatever, but it completely revolutionized what is practically access to "everything". You will be hard pressed to find an American consumer, from the richest guy to homeless people on the street that don't have a mobile communications device…

[deleted]
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