What you write about Facebook is obviously true, it's also been repeated over and over again. Blogs used to be a great social network and information resource, right up until media companies decided there was big money to be made, so even though there are still lots of people blogging, or running websites and communities that either don't make money, or make just enough to keep running, they'll never get anywhere because no one is going to pay attention to it. There won't be Wired articles about them, no VC is going to listen to their pitch and being involved won't make anyone rich. You create it and run it because you love it. That's not what Silicon Valley is about.
I am always amazed when people say capitalism is fine, as long as the government regulates it. So how is capitalism “fine” when it takes an external system that isn’t capitalism to keep it in check? The fundamentals of capitalism are problematic. It’s ok to say that you accept those and we’ll check them with government, but to dismiss the problems as some sort of bad apple capitalism is disingenuous.
This post bodes well for the book manuscript. Keep going.
What you write about Facebook is obviously true, it's also been repeated over and over again. Blogs used to be a great social network and information resource, right up until media companies decided there was big money to be made, so even though there are still lots of people blogging, or running websites and communities that either don't make money, or make just enough to keep running, they'll never get anywhere because no one is going to pay attention to it. There won't be Wired articles about them, no VC is going to listen to their pitch and being involved won't make anyone rich. You create it and run it because you love it. That's not what Silicon Valley is about.
I am always amazed when people say capitalism is fine, as long as the government regulates it. So how is capitalism “fine” when it takes an external system that isn’t capitalism to keep it in check? The fundamentals of capitalism are problematic. It’s ok to say that you accept those and we’ll check them with government, but to dismiss the problems as some sort of bad apple capitalism is disingenuous.
That was fantastic. You put things so well even a dummy like me could understand it. Looking forward to the next ones.