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.
I read four words then was hit with this.
You’ve just hit the article limit with your free Sifted account.
Ok, ok. If you insist. I won’t read your article.
Disable JavaScript, that will make you bypass this.
You need to disable JavaScript to read my blogspam.
You need to disable JavaScript to read my blogspam.
Off by default already.
You have JavaScript enabled by default ?
Doing so would break nearly all Internet access. Do you really run a whitelist rather than a blacklist? Is it not tedious to add hundreds of domains to one rather than a few to the other?
I actually do this. With uBlock Origin you can set to default block any JS (or just 3rd party JS) and then whitelist by domains. Then you can lock in per-site settings.
Well, I recently left uBO for AdNauseam because it actively attacks advertisers by clicking every link (thereby leading to garbage data that messes up their stats), but it can’t operate with uBO simultaneously. I’ll see what I can do to copy this approach since I can’t seem to find a whitelist-only-JS feature in it…
can’t seem to find a whitelist-only-JS feature
There’s one in your browser.
I would feel like wading through sewer bare footed if I had all javascript enabled by default
Dang it… I’m starting to feel the appeal now, lol! Hmm.
I run a whitelist. I’d rather be more private than know what to blacklist (and there’s often a lot of extra JavaScript that gets called, mostly for tracking).
It’s not that tedious. You just add as you use the internet. Refresh the page when you’ve whitelisted.
there’s often a lot of extra JavaScript that gets called, mostly for tracking
Do you mean that your tool (whatever you use) can selectively block some JS while admitting others on one website?
Yes! NoScript is my tool of choice.
It can sometimes be annoying to have to whitelist things, but after seeing that when I allow the main domain (and maybe their CDN) through the filter, and ten more domains will try to do whatever it is they do—Google Tags and Analytics, some data broker, some cookie tracker, etc.—I’m willing to take that extra step just to keep all these companies from snarfing up my data.
A little annoyance is a small price to pay, in my mind.
I do ! I use NoScript in Firefox, and I allow scripts selectively when they’re needed. You’d be surprised how many websites just work with everything off !
This may differ depending on your usage, though. I don’t really use in-browser apps if at all possible, and I don’t use conventional social media aside from YouTube and Reddit (PeerTube and Lemmy are better but there’s still too much info / people on the corporate versions to fully switch over)
Thanks for the reminder about PeerTube… I’ve gotta look into that, too.
Do you really run a whitelist rather than a blacklist?
That’s a weird question. That ‘yes’ seems as easy as “do you wear your seat belt? Every TIME?!?”
Is it not tedious to add hundreds of domains to one rather than a few to the other?
After about a dozen you’re kinda set. I will enable one-offs in a private window, usually for shit news sites or the very occasional referral farm, and the exceptions are all reverted when I close the tab.
It’s crazy that you’re being downvoted. I guess they avoid The Atlantic, etc. as well, despite the helpful info in such articles.
Remember WeWork? It’s the ultimate example of putting tech-coloured lipstick on a pig.
Daaaaaaamn
This doesn’t change the fact that SaaS is lucrative because unlike producing hardware, you can add users/subscribers without paying to produce additional units.
By that measure shouldn’t Disney be considered a Tech company too? Or I guess banks and insurance companies.
I hadn’t thought of it that way, but maybe the article (at least the small part I can read with no paywall) is on to something, Companies that sell access to technology or rely on technology to sell something else (he does give the example of e-commerce) should not be “Tech” companies.
The part I didn’t get to is where the author draws the line to tell what companies ARE Tech. I guess OpenAI or Google would qualify. They sell services but they are services they invented and made, with considerable researxh and investment. But what about Amazon or Netflix?
I’m on board with it if people want to change the terminology around these things, but it seems like the core of what the author is discussing is the valuation of these companies and potential bubbles.
I think it makes sense that Disney and Amazon and Netflix who are able to make money through more of a SaaS-like model would have a higher valuation than a car company that has to produce a new car for every unit sold. Maybe there’s a recent example of an over-valued car company we can think of?
Consider that an auto mechanic and a software engineer can have a similar problem-solving skill set, and could both be very intelligent. Why then does an auto mechanic make so much less money? It’s partly because of the economies of scale involved with software. The owner of the software company can sell the software to thousands of clients without having to pay the software engineer to build the software thousands of times. The owner of the auto shop still has to pay the mechanic to perform every job every time and get paid for it.
So while I agree that Disney and Netflix maybe aren’t “Tech” companies, it seems to me the real problem the author is grappling with is whether they should be valued similar to tech companies. So I guess the question becomes, are “tech” companies highly valued because they are expected to make some huge technological leap that shakes up industries, or is it because of the economies of scale inherent in the SaaS-like business model?
You make a great point. But just to stay on the example of cars: besides the innovation on EVs, there’s this horrible tendency to consider cars as tablets on wheels, both in the sense that you can forget about repairing them by yourself and in the sense that they are now increasingly becoming low-margin hardware to run higher margin subscription services. If anything warrants high valuation for a car company it would arguably be the innovation on EVs, rather than the SaaS model.
I hope the idea of Car Software As a Service dies before becoming too widespread. But if it doesn’t, maybe car companies wouldn’t become “Tech” companies, just more shitty subscription vendors. And their stock should be valued as such, not for the largely unwanted “Tech innovation”.
I agree. I’d like to see some separation between the car manufacturer and the software. Any computers in the car should support whatever operating system you want to put on it. Things like controlling the car’s functions would just be device drivers. If the car company also wants to get into the SaaS business, fine, but you shouldn’t be required to pay for that software to operate the vehicle.
By that measure shouldn’t Disney be considered a Tech company too? Or I guess banks and insurance companies.
Yeah, in the same way that every company that uses a phone is a phone company.
To summarize, “I have a POV that almost no one else has. Why is everyone not naming things the way I see them.”
To summarize, “I have a POV that almost no one else has. Why is everyone not naming things the way I see them.”
Yes, pinocchio, your company is a real tech company because they use tech tools.
(sorry, it’s just a tech leveraging company, the same way my bus driver leverages the bus but does not fix or build it. My bus driver is not a bus; just the driver)
Seriously. Your opinions and hate aside, LLM, deep learning and reasoning models are amongst one of the most advanced software technologies available to consumers.
This post is lame
No, no they’re not. These are just repackaged and scaled-up neural nets. Anyone remember those? The concept and good chunks of the math are over 200 years old. Hell, there was two-layer neural net software in the early 90s that ran on my x386. Specifically, Neural Network PC Tools by Russell Eberhart. The DIY implementation of OCR in that book is a great example of roll-your-own neural net. What we have today, much like most modern technology, is just lots MORE of the same. Back in the DOS days, there was even an ML application that would offer contextual suggestions for mistyped command line entries.
Typical of Silicon Valley, they are trying to rent out old garbage and use it to replace workers and creatives.
I genuinely can’t tell if you’re being for real. By the same logic, raytracing is ancient tech that should be abandoned.
The stuff we had when people thought Hitler is still alive on some Island and stuff we have now is barely comparable, even thought yes, they use a similar underlying technology.
Since I never had the chance to try it out myself, how was your neural network and LLMs reasoning back in the day? Imo that’s the most impressive part, not that it can write.
All companies are tech companies, those that aren’t will be replaced by those that are. It’s been a common theme for a decade. I don’t really care that some venture capitalists lost their easy button to decide where to throw money for massive returns. Investing is supposed to require diligence.
