If the owner-manager of Delphi goes home for the night, automotive parts do not stop being made. If the owner-manager of JBS goes home, McDonald’s still gets their hamburger patties. Semiconductors. Raw ore. Train wheels. All of those things were enterprise businesses, not shops, long before computers were heard of
Your response is through the same exact lens being critiqued. Even today there’s a vast economy of businesses, not shops, that fulfill key parts of the world economy and aren’t building for an exit. The idea that that’s weird/lifestyle is a modern, SV VC phenomenon and has nothing to do with computing nor the industrial revolution at all
This is obvious enough to most people that we sometimes wonder why we call startups businesses. Really they’re a new model of offshore R&D which often amounts to a hole into which to pour capital speculatively in hopes it will grow a tree
Your response is through the same exact lens being critiqued. Even today there’s a vast economy of businesses, not shops, that fulfill key parts of the world economy and aren’t building for an exit. The idea that that’s weird/lifestyle is a modern, SV VC phenomenon and has nothing to do with computing nor the industrial revolution at all
This is obvious enough to most people that we sometimes wonder why we call startups businesses. Really they’re a new model of offshore R&D which often amounts to a hole into which to pour capital speculatively in hopes it will grow a tree