how so? Many internet companies that went bust like Webvan and Pets.com have successful equivalents in Instacart and Chewy?
I'm pretty sure many internet companies would be given a longer rope to survive now. E.g OpenAI and Anthropic will probably take years to get profitable but investors are OK with it
lol is a coping mechanism for the poor. If you really think top VCs / investors haven't learnt the long-term importance of staying the course, then you know nothing about the industry and mostly being influenced by popular social media posts shitting on the investor class.
There is a reason Anthropic/OpenAI and many startups are given much much longer ropes to be profitable than in the 2000 era when VCs pulled the rug the first opportunity of trouble
The dot-com was a bubble because investors pulled money and belief at the first sign of trouble.
The landscape has changed dramatically now. Investors and VCs have learnt if we stick with winners and growth companies, the payoffs are massive.
We also have more automatic, retail and foreign money flowing into the market. Buy the dip is a phenomenon that didn't exist at the scale it is now.
Pre-2015 if Big Money pulled out, the market was guaranteed to fail, but now retailers sometimes have longer views and belief (on people like Musk, Altman) than institutions and they continue to prop it.
So, it's foolish to apply 2000 parallels to now. Yes, history repeats, but doesn't with the exact time or price points
That's not how any of this works. Automation like FSD will lead to cheaper shipping costs via trucks leading to more Trucks on the road and more needing to load/unload and manage last mile logistics and driving routes that can't be automated resulting in
... more trucking jobs, more loading/unloading jobs, more FSD operations jobs, more truck repair jobs, more software engineering jobs
I actually prefer the straightforward log is an inverse of exponents. It's more intuitive that way because I automatically can understand 10^2 * 10^3 = 10^5. Hence if you are using log tables, addition makes sense. I didn't need an essay to explain that.
Take logs, add 2 + 3 = 5 and then raise it back to get 10^5.