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by dodu_
30 days ago
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I dunno, making a "feature" that provides dubious-at-best value in hopes that potential buyers are currently so blinded by the hype they'll fall for a wider range of bullshit than normal so I can slip one by them and leave them holding the bag while I ride off into the sunset with millions seems like it could be pretty accurately described as a scam. I guess people can dress it up as business savvy and market timing or whatever pretentious lingo they want to make themselves feel better about it, but it's really just scamming by another name. But we're in the Scam/Grift Economy now anyway so I guess everyone is trying to get theirs while they still can, and I guess that's what we're seeing. |
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That’s not how these businesses are best built. Instead, the founders tend to look at what an industry should be doing, but due to incumbent politics hasn’t been able to. You build the thing from the outside, bypassing those politics. Once you have it, you’re parachuted in.
> it's really just scamming by another name
There is plenty of this in bullshit-product companies, too. At the end of the day, a bolt-on exit strategy is absolutely legitimate. Most people can’t execute on it because it requires understanding both the economic niche and high-level corporate politics at a few major players. So there is probably more noise in feature-only startups than in the broader startup ecosystem. But again, most startups fail for good reason.