• 0 Posts
  • 4 Comments
Joined 7 months ago
cake
Cake day: October 10th, 2025

help-circle

  • This is an incredibly frustrating part of my work with startups. I do economic assessments for climate tech, and if it doesn’t work on paper then you can be damn sure it won’t magically start working in the real world. There are millions of reasons a startup might fail and very few that even give a chance for success (big VC success, not just normal profitablity or survival).

    In summary I agree it’s a massive lottery, but it drives me crazy how much investment goes to lottery tickets that don’t even have a legitimate chance of success.



  • Yeah it is one of my biggest pet peeves when people say capitalism drives innovation. Like, it does help spread technology, and it can cause tech to be refined quickly (e.g. the smartphone), but it is absolutely not what has driven the vast majority of innovation. People just want to solve problems and fiddle with things they find interesting, not make bucketloads of money.