Comment by fragmede
2 days ago
> These are all acquisition plays.
Which seems fine? VC money gets thrown at a problem, the problem may or may not get solved by a particular team, but a company gets created, some people do some work, some people make money, others don't. I don't get it. Are you saying no one should bother doing anything because someone else is already doing it or that it's not difficult so why try?
I’m pushing back against this…
> Not every company needs to be Apple
These aren’t people deciding to build “companies” - ie create a product that people want and turn a profit. They are a legal Ponzi scheme.