re: post main claim, I think local entrepreneurship would actually thrive
skipping network effects; would you rather use taxi app created by faceless VC or the one created by your neighbour?
(actually it’s not even a fake example, see https://techcrunch.com/2024/07/15/google-backs-indian-open-source-uber-rival-namma-yatri/)
it’s also already happening in the indie hacker space – people would prefer to buy something that’s #buildinpublic versus the same exact product made by google
People will use the cheaper one, the faceless VC has the capital to subsidize costs till every competitor is flushed out.
re: post main claim, I think local entrepreneurship would actually thrive
skipping network effects; would you rather use taxi app created by faceless VC or the one created by your neighbour?
(actually it’s not even a fake example, see https://techcrunch.com/2024/07/15/google-backs-indian-open-source-uber-rival-namma-yatri/)
it’s also already happening in the indie hacker space – people would prefer to buy something that’s #buildinpublic versus the same exact product made by google
People will use the cheaper one, the faceless VC has the capital to subsidize costs till every competitor is flushed out.