[sevenzero]

I did, which made me come to this conclusion. You seem to think value is created by extracting money from a product, while value actually is created by the work it takes to create said product. How much money one does extract has nothing to do with a products value. In your Tailor Swift example earlier, the value was created by her recording the music, not by her selling tours.

[satvikpendem]

The value is absolutely in how much you can sell it. Otherwise every startup that subscribes to the "build it and they will come" philosophy would've been successful, which is obviously not the case and is a common problem that YC specifically tells founders to look out for. There is no value in building anything if you cannot convince others it is valuable. The labor theory of value is not valid.

[WalterBright]

> value is created by extracting money from a product

Nope. It is created by creating something valuable that other people want to pay for.

> value actually is created by the work it takes to create said product

That's the Labor Theory of Value, which is a Marxist tenet and has been thoroughly discredited. For example, a CEO can decide to take Bunker Hill, or take Sausage Hill. If he picks the more profitable hill, he created more money, with the same amount of labor.

> the value was created by her recording the music, not by her selling tours.

Nope. It was selling tickets to her concerts that made her a billionaire, not her music. That's why she did the concerts.

BTW, why do you think that some concerts charge more for tickets than other concerts? For the same amount of labor setting up the concert?

[satvikpendem]

Indeed, I don't understand how anyone can seriously believe in the LTV anymore, as if someone digging holes should be as valuable in the economy, all else equal, as someone building something valuable. But that's what LTV proponents would have you believe apparently.

[sevenzero]

>He created more money

xd sure thing

[satvikpendem]

Yeah I don't think this is the place for you here.