[dkarapetyan]

Is he being ironic

> I really hate to say this, but I am quite disappointed with the startup scene in Indonesia. In Silicon Valley, you compete fairly with each other through creating better products and services. People highly respect good products and services. In Indonesia, you compete with each other through $$$. The one who has the most cash in their bank will most possibly win the competition.

All the hypergrowth startups are burning piles of cash with almost no sustainable way out.

[jldugger]

Indeed, I remember the 90s being an era of random free shit for consumers, and I'm sure the cost of customer acquisition was high. Its not like that era was known for it's sound and stable business practices.