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submitted 9 months ago* (last edited 9 months ago) by dgerard@awful.systems to c/buttcoin@awful.systems
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[-] mountainriver@awful.systems 2 points 9 months ago

Reading this extract I was surprised, figuring the desperate search for investment money must mean that Kickstarter wasn't turning a profit despite a seemingly sound business model.

Reading the article I found out it was even stupider. Kickstarter wasn't lacking a path to profit, it was lacking a path to growth. And being a profitable company with a clear market nisch isn't cool enough. Everything has to grow, grow, grow. So Kickstarter created a bunch of problems for itself, destroying much of its brand. It's that stupid.

[-] acausal_masochist@awful.systems 1 points 9 months ago

21st century capitalism is going great

this post was submitted on 11 Mar 2024
3 points (100.0% liked)

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