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'Blitzscaling' Is Choking Innovation—and Wasting Money

By WIRED

Opinion: VCs are making bigger bets on fewer startups. It's this unconsidered, money-slinging strategy that led to Uber's and Lyft’s dud IPOsRead full story

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  • Paul O'Brien
    Paul O'BrienCEO at MediaTech Ventures

    Is Blitzscaling, the practice of overwhelming investment in some companies so that they can quickly establish a substantial market share and competitive advantage, choking innovation? I don't think so.

    I think it does draw capital from higher risk, earlier stage attempts that might have potential but it also pushes forward technology adoption while accelerating and raising the bar on innovation overall. We need big innovative companies to seed future entrepreneurs. Check it out : https://seobrien.com/is-blitzscaling-choking-innovation-wasting-money

    Is Blitzscaling, the practice of overwhelming investment in some companies so that they can quickly establish a substantial market share and competitive advantage, choking innovation? I don't think so.

    I think it does draw capital from higher risk, earlier stage attempts that might have potential but it also pushes forward technology adoption while accelerating and raising the bar on innovation overall. We need big innovative companies to seed future entrepreneurs. Check it out : https://seobrien.com/is-blitzscaling-choking-innovation-wasting-money

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