If you're building a start-up now, you have two options the way I see it. 1) Build a sustainable business that charges some form of money. 2) Build a killer feature that attracts users and allows you to get bought by a larger company.
Right now, the larger companies are flush with money. Corporate revenues are outrageously high, particularly in the tech sector. So, the second option is just winning out right now because that's where the money is.
If this were to change and there was less investment from the existing players in tech, you'd see more sustainable businesses.
The complaint that the tech industry is not making any good tech is akin to people's gripes that the movie industry doesn't make good movies. For tech, the money right now is in features. For movies, the money right now is in mindless blockbusters. They're both businesses and like any good business, the players on the field optimize their strategy according to where the money is.
If you're building a start-up now, you have two options the way I see it. 1) Build a sustainable business that charges some form of money. 2) Build a killer feature that attracts users and allows you to get bought by a larger company.
Right now, the larger companies are flush with money. Corporate revenues are outrageously high, particularly in the tech sector. So, the second option is just winning out right now because that's where the money is.
If this were to change and there was less investment from the existing players in tech, you'd see more sustainable businesses.
The complaint that the tech industry is not making any good tech is akin to people's gripes that the movie industry doesn't make good movies. For tech, the money right now is in features. For movies, the money right now is in mindless blockbusters. They're both businesses and like any good business, the players on the field optimize their strategy according to where the money is.