When I started angel investing in the late 1990s, a tech investment included a significant technology risk, with the potential upside being groundbreaking innovation. Being an investor at this time meant taking a considerable technology risk and betting on actual tech, such as nanotech, semiconductors or biotech.
E-commerce, albeit hyped and interesting, was not considered tech. It was “Business 2.0”, plain and straightforward, hype included.
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Remember WeWork? It’s the ultimate example of putting tech-coloured lipstick on a pig.
Daaaaaaamn
To summarize, “I have a POV that almost no one else has. Why is everyone not naming things the way I see them.”