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by kypro 964 days ago
The thing is half of those startups wouldn't even exist if it wasn't for big tech acquisitions.

The fact that a startup without a viable business model can still have a $1b+ exit simply for having good tech is part of the reason why startups attract so much capital and can afford to be innovative.

I guess just be careful what you wish for. It can be anti-competitive, but it's also in part what's driven a lot of recent innovation.

2 comments

Do the big companies really use and develop the acquired technology though? It seems like most acquisitions end up being shut down and/or crappified within a few years.
Sometimes they do, sometimes they just buy companies to eliminate competition or future competition. Sometimes it's some of A, some of B. It really depends.
While innovation is very important, I think that there is an unhealthy obsession with it. That obsession has a great deal of harmful effects and is a part of why people are increasingly holding tech in a dim light. The extreme focus on innovation leads to companies being abusive. Being abusive is a thing that has become normalized in the tech industry.