VC firms are pioneering a new investment strategy: acquiring established businesses and optimizing them with AI to boost efficiency and customer reach.
Innovation is enshittification these days. It used to be invention, where entirely new products and materials came about. Then there was innovation, incremental improvement coupled with price hikes. Now “innovation” seems strictly rearranging deck chairs with worse service, and reducing employee count for increased profits.
The “corporate raider” existed before that, infamously thanks to people like Frank Lorenzo dismantling Eastern Airlines in the ‘80s or Icahn to TWA. The late ‘70s and early ‘80s were rife with corporate raiders.
Innovation is enshittification these days. It used to be invention, where entirely new products and materials came about. Then there was innovation, incremental improvement coupled with price hikes. Now “innovation” seems strictly rearranging deck chairs with worse service, and reducing employee count for increased profits.
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The “corporate raider” existed before that, infamously thanks to people like Frank Lorenzo dismantling Eastern Airlines in the ‘80s or Icahn to TWA. The late ‘70s and early ‘80s were rife with corporate raiders.