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Hey tech billionaires, if you want to talk about radical change, let’s abolish venture capitalism (www.theguardian.com)

submitted 1 year ago by JRepin@lemmy.ml to c/technology@lemmy.world

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Do you support sustainability, social responsibility, tech ethics, or trust and safety? Congratulations, you’re an enemy of progress. That’s according to the venture capitalist Marc Andreessen.

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[–] scarabic@lemmy.world 2 points 1 year ago

AppleWorks was never really competitive. But there was a time when Word Perfect and MS Word competed. Even that competition wasn’t decided on merit though. MS leveraged their Windows OS to preference their office suite until all others faded. By then, PDF and the web had stolen a lot of Word’s use cases anyway.

I think we might have to go further back to find good examples. But even then, look at a jackass like Thomas Edison litigating his competition out of business, stealing their secrets, buying them out. This shit goes way back.