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by Animats
2691 days ago
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What "tech"? Most of what passes as "tech" now is a business model. Up until about 2000, when you went to a Silicon Valley VC, you had to have a patent and a working prototype. Using that model, the VC industry as a whole was very profitable from the 1970s to the end of the century. In the 2000s, the VC industry became a net lose. Buying market share until everybody else goes broke is not a net win for investors. |
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