Enshittification is not driven by the founders (mostly, fuck Zuckerberg). It’s driven by greedy investors who want their billion dollar unicorn payout and who who will risk a hundred company failures to get it.
A lot of tech companies that manage to resist outside investors are doing just fine.
It’s ultimately driven by the lack of constraints in their market segment. Tech companies will screw over investors as well if they can get away with it.
But I was more talking about how the founder of Duolingo professed specific, world-bettering goals when he started the company that – if held sincerely – would make him ashamed of himself because most of what the company does isn’t in the service of them.
The tech world is rife with founders that ultimately met that exact same fate.
You invest a million dollar in 100 companies, 95 fail, 4 makes 10 million each. If the last one hits at least 60 million you are even, anything above is pure profit. Basically just throwing shit at the wall and see what sticks.
That doesn’t “make sense” at all, it’s insane. If we end the billionaire class and distribute wealth more evenly productivity and efficiency would go waaaay up because the people managing money will actually care about it instead of setting it on fire.
Enshittification is not driven by the founders (mostly, fuck Zuckerberg). It’s driven by greedy investors who want their billion dollar unicorn payout and who who will risk a hundred company failures to get it.
A lot of tech companies that manage to resist outside investors are doing just fine.
It’s ultimately driven by the lack of constraints in their market segment. Tech companies will screw over investors as well if they can get away with it.
But I was more talking about how the founder of Duolingo professed specific, world-bettering goals when he started the company that – if held sincerely – would make him ashamed of himself because most of what the company does isn’t in the service of them.
The tech world is rife with founders that ultimately met that exact same fate.
Holding on to your goals is hard when you owe loan sharks half a billion dollars and they want their payday
Extreme wealth incubates and breeds narcissism.
Well it makes sense if you think about it.
You invest a million dollar in 100 companies, 95 fail, 4 makes 10 million each. If the last one hits at least 60 million you are even, anything above is pure profit. Basically just throwing shit at the wall and see what sticks.
That doesn’t “make sense” at all, it’s insane. If we end the billionaire class and distribute wealth more evenly productivity and efficiency would go waaaay up because the people managing money will actually care about it instead of setting it on fire.