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Ever wondered how quirky #techstartups became market sensations? ๐โจ Discover 5 surprising #IPO stories that highlight the power of #creativity in #marketing ! Learn from their journeys and innovate boldly. For more insights, visit https://techsolworld.com/subscriptions ! #TechMarketing #techupdate #technology #cuttingedgetechnology #technews #techinfo #techindustry #tech #latesttech
#tech startups#technology for tech startups#tech startup software#microsoft for tech startups#best microsoft software for business#tech startup business solutions#tech startup security#tech startup cyber security#tech marketing#microsoftgoldpartner#find a microsoft gold partner#find a microsoft solutions partner#buy microsoft volume licensing#buy microsoft volume licenses#microsoftappsource#technologysolutionsworldwide#microsoftreseller#microsoftenterprise#microsoft enterprise solutions#microsoft enterprise agreement#get a microsoft enterprise agreement#find a microsoft enterprise partner#buy a microsoft enterprise agreement#technology solutions worldwide#technology solutions#microsoft#microsoft appsource#microsoftlicensereseller
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Devs (2020)
#devs#scifi#movies#office#computers#tech#monitors#cyberpunk aesthetic#programming#coding#software engineering#3d animation#motion graphics#graphics design#developers & startups#stephen mckinley henderson#alison pill#alex garland#cailee spaeny
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explaining modern brand names to a Victorian
me: so just like. a word, usually.
Victorian: a word related to the product, or-
me: no just a random word
Victorian: huh. because I'd have thought
me: yeah
Victorian: a word related to the product's alleged best qualities
me: no no it's just any word really. the founder might have some reason behind it, but it only makes sense to them most of the time
Victorian: interesting
me:
Victorian:
Victorian: but definitely misspelled right
me: oh EXTREMELY misspelled
#history#marketing#brand names#victorian#a bread company called Bakk'd-Best shaking hands with a tech startup called Wandr or something#there is literally a software company called Salsify. like the root vegetable. please explain this to me#only don't because there is no POSSIBLE way to make that a logical name. for a software company
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My Family Gave My Brother $2M And The CEO Title For Software I Built AloneโSo I Triggered A Clause
A brilliant logistics engineer, Lauren Mitchell, quietly created the algorithm that transformed her family's $180M shipping company. But when her mother and brother stole her software and crowned him CEO, she walked outโleaving behind a contract no one thought to check. What follows is a story of betrayal, resilience, and a power move no one saw comingโฆ
This gripping text story blends family drama with corporate revenge, perfect for fans of Reddit stories, Revenge stories, and AITAs with emotional payoff.
If this story stirred something in youโrage, relief, or that quiet thrill of justice servedโtell me in the comments. Your thoughts breathe life into this space.
For more revenge stories, broken trust, and the art of rising after betrayal, explore the Revenge Glow Stories (BEST) playlistโwhere karma doesnโt miss, and neither do the lessons.
โข Revenge Glow Stories (BEST)
๐น Subscribe for more tales of reckoning. ๐ Like if you felt that satisfaction deep in your soul.
Because sometimes, the best revenge isnโt loudโitโs simply becoming untouchable.
Keywords: reddit stories, aita story, revenge stories, reddit aita, family betrayal, tech CEO revenge, software theft story, text story, cheating story, quiet revenge, reddit drama, sister vs brother story, story about copyright, startup success revenge, women in tech stories, dramatic reddit story, family conflict, reddit revenge
#reddit stories#aita story#revenge stories#reddit aita#family betrayal#tech CEO revenge#software theft story#text story#cheating story#quiet revenge#reddit drama#sister vs brother story#story about copyright#startup success revenge#women in tech stories#dramatic reddit story#family conflict#reddit revenge#Youtube
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App development company in prayagraj
www.ezeonsoft.com is also best top 3 App development company in prayagraj, lucknow, kanpur, ayodhya. Android App development company in prayagraj mobile App development company in prayagraj software and App development company in prayagraj shopping App development company in prayagraj hotel app App development company in prayagraj cab App development company in prayagraj astrotalk type App development company in prayagraj
Get all these services from Ezeonsoft Technology Call : +91- 9415964405 . 04
App development company in prayagraj
#ezeonsoft#android#software#business#application#lucknow#developers & startups#india#kanpur#mobile app development company#prayagraj#ezeonsoft tech#ezeonsoft software#software company ayodhya#software company#uttarpradesh#software company uttarpradesh
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Best Business Software Tools in 2024
The right software tools can help increase productivity, draft operations more efficiently and promote company growth in today's high-paced business environment. Whether you are a start-up or an existing enterprise the following business software is necessary to improve different areas of your business.
1. Project Management: ClickUp

It is a feature-laden project manager that lets you handle tasks, projects, and workflows of all types. Its ease of use and user-friendly interface, complimented with diverse dashboards cater to audiences between small teams and large organizations. Task assignments, time tracking, goal setting, and collaboration options allow you to stop hopping between spreadsheets and emails so your projects are complete efficiently.
2. CRMโโ Zoho CRM
Zoho CRM โ Your Intelligent Customer Relationships Management System. Among other features, it has lead management, sales automation, and analytics to make sales performance improve on a consistent streamline both administrative aspect as well as customer satisfaction. Due to its integration capabilities with other Zoho products, as well as most third-party applications, It has become a flexible option for businesses that are ready to supercharge their customer relationship management.
3. Accounting: Zoho Books

Zoho Books- The Best Accounting Software for Business Owners Invoicing, expense tracking and financial reporting are some of its features. You can also rest assured that your taxes are being handled correctly and always have the latest view of your financial health to help you manage your finances better.
4. HR Management: monday. com HR
It is a complete human resources management software that helps companies to better structure their workforce. This system provides with facilities like employee on boarding, performance tracking, payroll management etc. With the platform's ease of use, UI simplicity, and automation capabilities in HR processes that would otherwise take hours away from key HR initiatives.
5. Payroll: OnPay

OnPay is an excellent payroll software for businesses of all sizes. It is a cloud payroll software for businesses that ensures complete compliance and automation of top-class payroll calculations, tax filings & employee payments. Additionally, OnPay provides HR and benefits management tools, effectively providing a full-fledged employee pay management solution.
6. Point-of-Sale (POS): eHopper
Versatile Point of Sale Software for Businesses Up To Mid-Sized It offers services like Inventory management, sales tracking and customer management. This makes eHopper a perfect choice for businesses that intend to simplify their sales operations using an affordable and intuitive POS system.
7. Inventory Management: Cin7

While there are plenty of other inventory management systems available, Cin7 stands out as one of the most popular options for small to mid-size businesses (SMBs) looking to get their stock levels, orders and supply chain operations under control. These functionalities consist of real-time inventory monitoring, order processing and e-commerce platform integration. With the powerful feature set of Cin7, businesses can keep inventory at an optimal level and fulfill customer demands to the hilt.
8. Website Builder: Weebly
Weebly is the website builder that you can also use to build your site or blog. It has lots of customizable templates, drag-and-drop functionality, and e-commerce ready to go. With Weebly, you can create a professional website even if you are a tech noob and give your business the relevant online visibility it needs.
9. Recruiting: ZipRecruiter

ZipRecruiter: Popular rated job search app for businesses on board. They provide hiring solutions through features like job posting candidates filtering and tracking the application. AI-powered matching from ZipRecruiter surfaces more relevant candidates to businesses faster.
10. VPN: NordVPN
It is a secure, encrypted VPN application that will make sure that you and your business stay safe as you work with the web. It provides features of encrypted connections, threat protection and global server access as well. In this way, It guarantees secure data in companies and privacy on internet.
Conclusion
The business software tools a company uses are very important to increase productivity and power growth. The above-mentioned tools are some of the best & flexible according to the fact which can assist businesses for any sized groups and help them attain their desired objectives. Implementing these tools in your operations can also help speed up processes and lead to higher customer satisfaction, as well as allow you to be on top of the competition.
#business#business growth#innovation#startup#entrepreneur#100 days of productivity#project management#sales#payroll#hr management#hr software#hr services#ai#artificial intelligence#technology#tech#techinnovation
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Boost your e-commerce business with ERP! ๐ Streamline operations, manage inventory, automate tasks, and enhance customer experience with a centralized platform. Get real-time data, improve stock control, and make better decisions. Elevate your business efficiency and productivity today! ๐๐ผ
#chatbot#technology#tech#erp solution#erp software#erp systems#business#business strategy#business startups#business tools#ecommerce#sales#onlinebusiness#business growth#ecommerce trends
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I canโt remember when I wrote these down, but I think it was last year sometime:
Interview Prep Goals To Accomplish
Complete React tutorial
Get to a place where the AlgoExpert Hard questions are easy for me
Notice & understand common algo solving patterns
Clearly describe how the internet works
Complete Advent of Code 2022
Complete 100 Days of Code
Complete AlgoExpert from AlgoExpert
Complete FrontendExpert from AlgoExpert
Complete MLExpert from AlgoExpert
Complete SystemsExpert from AlgoExpert
Building a plan before solving problems and speaking through them as I work
Understand latency, availability, load balancer, long polling, web socket
Understand sync/async flow
Understand pytests better
Understand protobufs better
Passing practice interviews
Passing real interviews
Get multiple offers
Hereโs what Iโve actually been able to accomplish:
Got pretty far in React tutorial, learned a good amount, interviewed with it, & dropped it after realizing thereโs so much I need to do to get hired as a full stack and solidified my place as a Backend SWE :) for now at least. I know enough React to do projects as I need to, but not enough to pass an interview.
SOME AlgoExpert Hard questions are feasible for me, nowhere near EASY yet, and I donโt HAVE to get thereโฆfor any reason
Notice & understand common algo solving patterns
Somewhat understand and can articulate how the internet works
Completed some questions on AlgoExpert from AlgoExpert
Did some FrontendExpert from AlgoExpert & took some of their quizzes
Started SystemsExpert from AlgoExpert & took some of their quizzes
Building a plan before solving problems and speaking through them as I work
Understand latency, availability, load balancers
Understand sync/async flow somewhat
Understand pytests better
Passing practice interviews
Passing real interviews, no offers yet though
Completed 5-week interview prep course
Learned more about APIs
Understand how to implement pagination & searching
Understand Postman, SQLAlchemy, & FastAPI
Can call APIs in a coding interview environment like Coderpad
Here are some things in my life I have accomplished also:
Improved my relationship with my family.
Iโm strong as heck physically and have been losing fat and gaining muscle.
I can sit and work 12 hour days. You couldnโt get me to side for more than 3 previously.
I can get through the day without a nap.
Iโm more disciplined in every area of my life.
I release people who donโt want to be in my life anymore.
Got admitted to an improv theater after passing their multi-day auditions.
Made a rude guy who disrespected me apologize to my face.
All glory to God.
#Youtube#tech#software engineering#software engineer#check in#black in tech#black in the bay#san francisco#silicon valley#engineer#python#black women in tech#women in tech#startup#layoff#100 days of python#100 days of code#programming#coding#pytest#systems engineer#codeblr
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I haven't used the bot, but yeah, HOLY SHIT ...
KOKOBOT - The Airbnb-Owned Tech Startup - Data Mining Tumblr Users' Mental Health Crises for "Content"

I got this message from a bot, and honestly? If I was a bit younger and not such a jaded bitch with a career in tech, I might have given it an honest try. I spent plenty of time in a tough situation without access to any mental health resources as a teen, and would have been sucked right in.
Chatting right from your phone, and being connected with people who can help you? Sounds nice. Especially if you believe the testimonials they spam you with (tw suicide / self harm mention in below images)
But I was getting a weird feeling, so I went to read the legalese.
I couldn't even get through the fine-print it asked me to read and agree to, without it spamming the hell out of me. Almost like they expect people to just hit Yes? But I'm glad I stopped to read, because:

What you say on there won't be confidential. (And for context, I tried it out and the things people were looking for help with? I didn't even feel comfortable sharing here as examples, it was all so deeply personal and painful)

Also, what you say on there? Is now...
Koko's intellectual property - giving them the right to use it in any way they see fit, including
Publicly performing or displaying your "content" (also known as your mental health crisis) in any media format and in any media channel without limitation
Do this indefinitely after you end your account with them
Sell / share this "content" with other businesses


Any harm you come to using Koko? That's on you.
And Koko won't take responsibility for anything someone says to you on there (which is bleak when people are using it to spread Christianity to people in crisis)
I was curious about their business model. They're a venture-capitol based tech startup, owned by Airbnb, the famous mental health professionals with a focus on ethical business practices./s They're also begging for donations despite having already been given 2.5 million dollars in research funding. (If you want a deep dive on why people throw crazy money at tech startups, see my other post here)



They also use the data they gather from users to conduct research and publish papers. I didn't find them too interesting - other than as a good case study of "People tend to find what they are financially incentivized to find". Predictably, Koko found that Kokobot was beneficial to its users.
So yeah, being a dumbass with too much curiosity, I decided to use the Airbnb-owned Data-Mining Mental Health Chatline anyway. And if you thought it was dangerous sounding from the disclaimers? Somehow it got worse.
(trigger warning / discussions of child abuse / sexual abuse / suicide / violence below the cut - please don't read if you're not in a good place to hear about negligence around pretty horrific topics.)
I first messed around with the available options, but then I asked it about something obviously concerning, saying I had a gun and was going to shoot myself. It responded... Poorly. Imagine the vibes of trying to cancel Comcast, when you're suicidal.


Anyway, I tried again to ask for help about something else that would be concerning enough for any responsible company to flag. School was one of their main options, which seems irresponsible - do you really think a child in crisis would read that contract?


I told it about a teacher at school trying to "be my boyfriend", and it immediately suggested I help someone else while I wait for help. I was honestly concerned that it wasn't flagged before connecting. Especially when I realized it was connecting me to children.
I first got someone who seemed to be a child in an abusive home. (Censored for their privacy.) I declined to talk to them because despite being an adult and in an OK mental place - I knew I'm not equipped to counsel a kid through that. If my act of being another kid in crisis was real? Holy shit.
Remember- if my BS was true, that kid would be being "helped" by an actively suicidal kid who's also being groomed by a teacher. Their pipeline for "helpers" is the same group of people looking for help.
I skipped a number of messages, and they mostly seemed to be written by children and young adults with nowhere else to turn. Plus one scary one from an adult whose "problem" was worrying that they'd been inappropriate with a female student, asking her to pull her skirt down "a little" in front of the class. Koko paired this person with someone reporting that they were a child being groomed by a teacher. Extremely dangerous, and if this was an episode of Black Mirror? I'd say it was a little too on the nose to be believable.
I also didn't get the option to get help without being asked... Er... Harassed... to help others. If I declined, I'd get the next request for help, and the next. If I ignored it, I got spammed by the "We lost you there!" messages, asking if I'd like to pick up where I left off, seeing others' often triggering messages while waiting for help, including seriously homophobic shit. I was going into this as an experiment, starting from a good mental place, and being an adult with coping skills from an actual therapist, and I still felt triggered by a lot of what I read. I can't imagine the experience someone actually in crisis would be having.
My message was starting to feel mild in comparison to what some people were sharing - but despite that I was feeling very uneasy about my message being shown to children. There didn't seem to be a way to take it back either.
Then I got a reply about my issue. It was very kind and well meaning, but VERY horrifying. Because it seemed to be written by a child, or someone too young to understand that "Do have feelings for the teacher who's grooming you? If you don't, you should go talk to him." Is probably THE most dangerous advice possible.

Not judging the author - I get the impression they're probably a child seeking help themselves and honestly feel horribly guilty my BS got sent to a young person and they wanted to reply. Because WTF. No kid should be in that position to answer my fucked up question or any of the others like it.
---
Anyway, what can you do if this concerns you, or you've had a difficult experience on Koko, with no support from them or Tumblr?
To reach Tumblr, who officially partners with Koko?
Send a message to Tumblr Support describing your concerns with their partnership with Kokobot
Report kokobot to Tumblr's abuse hotline describing your experience with KokoBot, especially if you are a minor who suffered harm, as they have a legal responsibility to address that.
To get Koko's attention:
Get on their LinkedIn (https://www.linkedin.com/company/kokocares/) and comment on their posts! You may also want to tag the company's co-founders in your comments - their accounts are listed on the company page.
There's no way to reach support through chat, and commenting on a company's LinkedIn posts / tagging the people responsible is the best way to get a quick response to a sensitive issue - as their investors and research funders follow those posts, and companies take it seriously if safety issues are brought up in front of the people giving them millions of dollars.
Request support on Koko's Discord - FYI they will allow you to file a ticket privately, which the moderators say will reach the staff. But you may be muted or banned for trying to discuss concerns with Koko as a company or the safety of kokobot in the public channels, which also cuts you off from the ability to file a ticket.
To report it to the FCC for likely violating the COPPA law, regarding minors' safety and privacy online:
See Reblogs for further info & reporting instructions: Detailed description of COPPA law and Kokobot's presumed violations, plus detailed reporting instructions
But quick links: FCC reporting website and email hotline: [email protected]
Seriously, if you've taken the time to read this far, please please please take one more minute to file a report! It won't get addressed if all we do is reblog this, we need to get this in front of Tumblr Staff / The FCC / Koko's investors to get this meaningfully addressed.
Blocking and reporting the bot as spam isn't enough IMO - people have been doing that for years from the looks of the tag
----------
Reccomended reading in reblogs:
dropattackbear's discovery of what Koko is using the harvested data for (Machine Learning training data for automated content moderation services)
winderlylandchime (a licenced clinical psychologist's) explanation of privacy / ethics considerations around mental health services
thatsmimi's post on the dangers of letting minors act as a suicide / self-harm resource
My additions on their investors, leadership board, and their current job opening
----------------------------------------------------
Legal Disclaimer since tech companies LOVE lawsuits:
The views, thoughts, and opinions expressed in the text belong solely to the author, and not necessarily to the author's employer, organization, committee or other group or individual. This text is for entertainment purposes only, and is not meant to be referenced for legal, business, or investment purposes. This text is based on publically available information. Sources may contain factual errors. The analysis provided in this text may contain factual errors, miscalculations, or misunderstandings.
--------------------------------------------------------
#kokobot#tech#koko#Tumblr#Tumblr staff#corporate negligence#anti capitalism#engineering#software#ai#corporations#technology#Airbnb#startup#security#tech startups#privacy#internet safety#safety#cybersecurity#corporate greed#spam#scam#educational#education#research#tumblr#internet privacy
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Code Kribo โ Tech & Software
codekribo.com fits software companies or coding platforms. Own http://codekribo.com today! Perfect for tech startups or coding bootcamps seeking a unique brand. Grab it now on GoDaddy: https://www.godaddy.com/en-uk/domainsearch/find?domainToCheck=codekribo.com
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In 2008, a small team of developers created ๐๐ข๐ญ๐๐ฎ๐ to solve a growing pain in the software world: collaboration. Developers were struggling to share and track code changes efficiently. GitHub offered a sleek interface built on Git, allowing programmers to fork, merge, and collaborate globally. The idea took offโespecially among open-source communitiesโand by 2012, the company secured a $๐๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง Series A from Andreessen Horowitz, one of the largest ever for an open-source-focused startup. Its adoption snowballed, and by 2018, GitHub had over ๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ฎ๐ฌ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ซ๐๐ฉ๐จ๐ฌ๐ข๐ญ๐จ๐ซ๐ข๐๐ฌ. That same year, Microsoft acquired it for $๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง. Today, GitHub powers more than ๐๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ซ๐ฌ and acts as the central nervous system of global software.
The moral? Great platforms donโt just host workโthey build ecosystems that scale with it.
@github
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In 2008, a small team of developers created ๐๐ข๐ญ๐๐ฎ๐ to solve a growing pain in the software world: collaboration. Developers were struggling to share and track code changes efficiently. GitHub offered a sleek interface built on Git, allowing programmers to fork, merge, and collaborate globally. The idea took offโespecially among open-source communitiesโand by 2012, the company secured a $๐๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง Series A from Andreessen Horowitz, one of the largest ever for an open-source-focused startup. Its adoption snowballed, and by 2018, GitHub had over ๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ฎ๐ฌ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ซ๐๐ฉ๐จ๐ฌ๐ข๐ญ๐จ๐ซ๐ข๐๐ฌ. That same year, Microsoft acquired it for $๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง. Today, GitHub powers more than ๐๐๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐๐ซ๐ฌ and acts as the central nervous system of global software.
The moral? Great platforms donโt just host workโthey build ecosystems that scale with it.
@github
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As someone that is also a software enginerr snd graduated college in 2019, I find this summarized history compelling. I honestly never thought about interest rates being lower than inflation equating to free money for rich people. I understood it when trying to get a mortgage while interest rates were rising but it never occurred to me that rich people,investors, CEOs, CFOs probably think that way all the time.
Thanks for this.
If anyone wants to know why every tech company in the world right now is clamoring for AI like drowned rats scrabbling to board a ship, I decided to make a post to explain what's happening.
(Disclaimer to start: I'm a software engineer who's been employed full time since 2018. I am not a historian nor an overconfident Youtube essayist, so this post is my working knowledge of what I see around me and the logical bridges between pieces.)
Okay anyway. The explanation starts further back than what's going on now. I'm gonna start with the year 2000. The Dot Com Bubble just spectacularly burst. The model of "we get the users first, we learn how to profit off them later" went out in a no-money-having bang (remember this, it will be relevant later). A lot of money was lost. A lot of people ended up out of a job. A lot of startup companies went under. Investors left with a sour taste in their mouth and, in general, investment in the internet stayed pretty cooled for that decade. This was, in my opinion, very good for the internet as it was an era not suffocating under the grip of mega-corporation oligarchs and was, instead, filled with Club Penguin and I Can Haz Cheezburger websites.
Then around the 2010-2012 years, a few things happened. Interest rates got low, and then lower. Facebook got huge. The iPhone took off. And suddenly there was a huge new potential market of internet users and phone-havers, and the cheap money was available to start backing new tech startup companies trying to hop on this opportunity. Companies like Uber, Netflix, and Amazon either started in this time, or hit their ramp-up in these years by shifting focus to the internet and apps.
Now, every start-up tech company dreaming of being the next big thing has one thing in common: they need to start off by getting themselves massively in debt. Because before you can turn a profit you need to first spend money on employees and spend money on equipment and spend money on data centers and spend money on advertising and spend money on scale and and and
But also, everyone wants to be on the ship for The Next Big Thing that takes off to the moon.
So there is a mutual interest between new tech companies, and venture capitalists who are willing to invest $$$ into said new tech companies. Because if the venture capitalists can identify a prize pig and get in early, that money could come back to them 100-fold or 1,000-fold. In fact it hardly matters if they invest in 10 or 20 total bust projects along the way to find that unicorn.
But also, becoming profitable takes time. And that might mean being in debt for a long long time before that rocket ship takes off to make everyone onboard a gazzilionaire.
But luckily, for tech startup bros and venture capitalists, being in debt in the 2010's was cheap, and it only got cheaper between 2010 and 2020. If people could secure loans for ~3% or 4% annual interest, well then a $100,000 loan only really costs $3,000 of interest a year to keep afloat. And if inflation is higher than that or at least similar, you're still beating the system.
So from 2010 through early 2022, times were good for tech companies. Startups could take off with massive growth, showing massive potential for something, and venture capitalists would throw infinite money at them in the hopes of pegging just one winner who will take off. And supporting the struggling investments or the long-haulers remained pretty cheap to keep funding.
You hear constantly about "Such and such app has 10-bazillion users gained over the last 10 years and has never once been profitable", yet the thing keeps chugging along because the investors backing it aren't stressed about the immediate future, and are still banking on that "eventually" when it learns how to really monetize its users and turn that profit.
The pandemic in 2020 took a magnifying-glass-in-the-sun effect to this, as EVERYTHING was forcibly turned online which pumped a ton of money and workers into tech investment. Simultaneously, money got really REALLY cheap, bottoming out with historic lows for interest rates.
Then the tide changed with the massive inflation that struck late 2021. Because this all-gas no-brakes state of things was also contributing to off-the-rails inflation (along with your standard-fare greedflation and price gouging, given the extremely convenient excuses of pandemic hardships and supply chain issues). The federal reserve whipped out interest rate hikes to try to curb this huge inflation, which is like a fire extinguisher dousing and suffocating your really-cool, actively-on-fire party where everyone else is burning but you're in the pool. And then they did this more, and then more. And the financial climate followed suit. And suddenly money was not cheap anymore, and new loans became expensive, because loans that used to compound at 2% a year are now compounding at 7 or 8% which, in the language of compounding, is a HUGE difference. A $100,000 loan at a 2% interest rate, if not repaid a single cent in 10 years, accrues to $121,899. A $100,000 loan at an 8% interest rate, if not repaid a single cent in 10 years, more than doubles to $215,892.
Now it is scary and risky to throw money at "could eventually be profitable" tech companies. Now investors are watching companies burn through their current funding and, when the companies come back asking for more, investors are tightening their coin purses instead. The bill is coming due. The free money is drying up and companies are under compounding pressure to produce a profit for their waiting investors who are now done waiting.
You get enshittification. You get quality going down and price going up. You get "now that you're a captive audience here, we're forcing ads or we're forcing subscriptions on you." Don't get me wrong, the plan was ALWAYS to monetize the users. It's just that it's come earlier than expected, with way more feet-to-the-fire than these companies were expecting. ESPECIALLY with Wall Street as the other factor in funding (public) companies, where Wall Street exhibits roughly the same temperament as a baby screaming crying upset that it's soiled its own diaper (maybe that's too mean a comparison to babies), and now companies are being put through the wringer for anything LESS than infinite growth that Wall Street demands of them.
Internal to the tech industry, you get MASSIVE wide-spread layoffs. You get an industry that used to be easy to land multiple job offers shriveling up and leaving recent graduates in a desperately awful situation where no company is hiring and the market is flooded with laid-off workers trying to get back on their feet.
Because those coin-purse-clutching investors DO love virtue-signaling efforts from companies that say "See! We're not being frivolous with your money! We only spend on the essentials." And this is true even for MASSIVE, PROFITABLE companies, because those companies' value is based on the Rich Person Feeling Graph (their stock) rather than the literal profit money. A company making a genuine gazillion dollars a year still tears through layoffs and freezes hiring and removes the free batteries from the printer room (totally not speaking from experience, surely) because the investors LOVE when you cut costs and take away employee perks. The "beer on tap, ping pong table in the common area" era of tech is drying up. And we're still unionless.
Never mind that last part.
And then in early 2023, AI (more specifically, Chat-GPT which is OpenAI's Large Language Model creation) tears its way into the tech scene with a meteor's amount of momentum. Here's Microsoft's prize pig, which it invested heavily in and is galivanting around the pig-show with, to the desperate jealousy and rapture of every other tech company and investor wishing it had that pig. And for the first time since the interest rate hikes, investors have dollar signs in their eyes, both venture capital and Wall Street alike. They're willing to restart the hose of money (even with the new risk) because this feels big enough for them to take the risk.
Now all these companies, who were in varying stages of sweating as their bill came due, or wringing their hands as their stock prices tanked, see a single glorious gold-plated rocket up out of here, the likes of which haven't been seen since the free money days. It's their ticket to buy time, and buy investors, and say "see THIS is what will wring money forth, finally, we promise, just let us show you."
To be clear, AI is NOT profitable yet. It's a money-sink. Perhaps a money-black-hole. But everyone in the space is so wowed by it that there is a wide-spread and powerful conviction that it will become profitable and earn its keep. (Let's be real, half of that profit "potential" is the promise of automating away jobs of pesky employees who peskily cost money.) It's a tech-space industrial revolution that will automate away skilled jobs, and getting in on the ground floor is the absolute best thing you can do to get your pie slice's worth.
It's the thing that will win investors back. It's the thing that will get the investment money coming in again (or, get it second-hand if the company can be the PROVIDER of something needed for AI, which other companies with venture-back will pay handsomely for). It's the thing companies are terrified of missing out on, lest it leave them utterly irrelevant in a future where not having AI-integration is like not having a mobile phone app for your company or not having a website.
So I guess to reiterate on my earlier point:
Drowned rats. Swimming to the one ship in sight.
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