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Joyce Bell :mastodon: 馃嚭馃嚘馃嚚馃嚘馃嚥馃嚱 and 2 others boosted
AI6YR Ben
@ai6yr@m.ai6yr.org  路  activity timestamp 7 hours ago

Random comment: startups exist to make money for investors and founders (lots of money, preferably). Mostly, the investors. 100x preferable. Usually done via acquisition or IPO. While a company is venture funded, those first few years where the service is "free", it's in essence being 100% subsidized by the investors, who are expecting a return (i.e. enough for you to get hooked on the service that later on they can sell advertising against the user base/sell subscriptions/sell your data/whatever). When those investors are crypto-lords... #socialmedia #subtooting

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AI6YR Ben
@ai6yr@m.ai6yr.org  路  activity timestamp 7 hours ago

Random comment: startups exist to make money for investors and founders (lots of money, preferably). Mostly, the investors. 100x preferable. Usually done via acquisition or IPO. While a company is venture funded, those first few years where the service is "free", it's in essence being 100% subsidized by the investors, who are expecting a return (i.e. enough for you to get hooked on the service that later on they can sell advertising against the user base/sell subscriptions/sell your data/whatever). When those investors are crypto-lords... #socialmedia #subtooting

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