"In the old economy of price signals, you tried to build a product that people would want, and the way you knew it worked is that people would pay you more than it cost. You were adding value to the world, and you could tell because you made money." (1)
"In the new economy of user growth, you don’t have to worry about making a product that people want because you can just pay them to use it." (2)
"So you might end up with companies losing money to give people things that they don’t want and driving out the things they do want." (3) via Bloomberg Opinion
#NewEconomy #VentureCapital
#NewEconomy #VentureCapital
