this post was submitted on 20 Aug 2023
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Start up are a fraud to society. It's funded either by private funds or society. Then either it fails or it succeed, and if it succeed, it's bought by a megacorp or investment fund for cheap until it grows to give even more money to these already rich people.
Results are rich people are richer, society funds the risk of the concept and research, and private corps get the tech to profit from it.
It's capitalism these days anyway : society covers for risks, private investors take the profits.
Most startups are funded by large / rich investors though. It's only when they get public do they get funding from society in general. But by that stage they are no longer a startup.
Not in Europe