I built something evil and all I got was this stupid t-shirt

  • Bloobish [comrade/them]
    ·
    2 years ago

    Honestly feel we are on a path to see the death spiral of lots of financialized tech capital within this decade due to the drying up of easily accessible funding and loans from venture capitalists and banks.

    • BigLadKarlLiebknecht [he/him, comrade/them]
      ·
      2 years ago

      :10000-com:

      It’s amazing to me that this was a full 7 years before we hit the peak. Our roaring twenties were so fucking shit, lmao - first as tragedy and then as farce and all that.

      • Bloobish [comrade/them]
        ·
        edit-2
        2 years ago

        Jesus it's like watching monkeys burn piles of money except less funny. This story really encapsulates that lots of "tech geniuses" don't understand that successful apps are free and harvest data/engagement from user labor that becomes the actual product to sell.

      • SacredExcrement [any, comrade/them]
        ·
        edit-2
        2 years ago

        When you want to let someone know you are thinking of them, but without expending the 10 seconds of effort that would require

        While the startup still doesn't have any money in the bank, a handful of investors have committed to give it $1.2 million. Hogeg, the app's lead investor, still needs to wire $200,000 into the company's bank account, and he expects the round of financing to close next week.

        :cereal2: