In the past businesses took pride in how long they lasted, from your local bakery to big corporations they all boasted about it, the idea behind it...
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I would rather say to create specific temporary demand, which is how many current bussineses operate, in difference to many old ones - bakery is mostly supplying demand, not creating new (except when introducing new kind of pastry).
Which is why, in my opinion, they mostly just extract value instead of creating a new one.
Hey @janmpeterka! That's an interesting twist, it is true that these companies need to market their own products and in a lot of those times they end up creating their own demand in the process.
I wouldn't personally chalk them all up as 'extracing value' , customers decide their value when they make a decision to spend money on them, but I understand your overall sentiment.
Thanks for reaction, you are right in that I was a bit harsh in that comment.
I am careful with this. On one hand - yes, people have free will a they do decide, thus giving things value. On the other, they are often manipulated into their choices - so even though they might believe they are getting value, it's not really true (especially in long term/societal view).
This is more of a philosophical discussion I guess, but it seems important to me to, as we live in age of ads, of targeted campaings, of psychological knowledge used to manipulate.
Agree, it is important for us as developers to keep this in mind while developing new apps and startups. Thanks for writing down your thoughts on this!
Thanks for you kind reactions! Yes, that's a great takeaway - I think many programmers (myself included) are often just fascinated about what is possible to create, but it's important to ask if it should be created, if it makes world a better place.
Hi there! 👋
I noticed you've put some serious effort into your article. But it looks like you might have accidentally hit the 'Post' button twice 😅. Would you mind and withdraw the duplicated post(s) to really make this one shine? Thanks a bunch!
Hey @hendrikras! Good catch, I removed the duplicate one. Cheers!
How we can find out if the business is a flash startup or a "legacy"(??) startup?
I mean, flash also means less investments to increase profit, right? "legacy"(??) startups are all about burning money indefinitely to """change the world""".
Also, in this perspective Uber can be classified as a flash startup? since they solved a problem with taxi-mans and now they are no longer needed since all countries have they own "uber"?
Hey @svtfrancisco! The key differentiator between the two is not competition, instead, it's the nature of demand. In Uber's case, the demand for taxis is here to stay, so it wouldn't classify as a flash startup, although they do have to compete locally with different apps to satisfy that demand.
Your read on the investment is absolutely correct, as a rule of thumb these companies do require fewer investments as they should focus on making a profit quickly so burning money to acquire users for the long run wouldn't make sense.