[untog]

I think this is an underappreciated point. It's tempting to believe that every tech company succeeded because of the tech, but what if Airbnb succeeded because of aggressive advertising and incentives, financed by hundreds of millions of dollars in VC funding?

[ForHackernews]

I don't even think most of these supposed "tech" companies are actually tech companies: Uber is a cab company, Airbnb is a holiday lettings company, WeWork is a commercial real estate company. None of them makes their money by building and/or selling software.