Another One Bites the Dust. . . Zume, The $500 million robot pizza startup that excited the investment world . . . has shut down

[Camp]

The concept that a robot could evaluate quality of ingredients and final product is a flaw none of this addresses.

[Guilds]

Do you have something that does not come from a RW Hayek/Mises/Friedman influenced Think tank?

[Call_me_Ishmael]

@H_Arendt

@Gaius

Who cares if they fail? As long as we package the loan into bonds and sell them before they fail we’re in the clear, right?”

Not surprisingly, the company has fallen on its face and ceased operations last week. It had a staff of over 600 at its high water mark.

As a progressive, I think this is a welcome example of how a capitalist market self corrects. Failure is an inherent part of the capitalist system and essential to a healthy market economy.

An economy with few failures is an economy without innovation.

it astonishes me that anyone who says they are a conservative would find this problematic. Monopolies prevent bad business from failing, as to centrally planned regimes – like Marxist states.

The liberals appear to be the only defenders of capitalism on this board. For every success like Alphabet we should expect dozens of failures.

Pssssst… the future is in robotic drag queens.

[DMK]

@Gaius

The number of experienced entrepreneurs

That’s just it. I just had a conversation with someone about this very matter.

You HAVE to spend time in the hole to learn what an industry is lacking and what it is doing right. Only then, can you find ways to improve what is lacking if you are inventive.

Then, you have to do your research to see what the demand and viability of it is.

[Gaius]

Perspective:
Family auto the next big thing
Suburban homes the next big thing
TVs the next big thing
Fast Food the next big thing
Cell phones the next big thing
Etc.

There really truly legitimately ALWAYS is a
the next big thing.

The difference now is not there
that there is, gor tge furst time ever a the next big thing that will change all our lives.

(That happens again and again)
The difference is that this time there is so much Fed funny money, around that tulpps, and phony e-coins and monkey jpegs and … a whole lotta bad business ideas with not-yet-ready managers are getting funded.

It’s like MBS onky with venture capital.

[DMK]

@Gaius

The difference is that this time there is so much Fed funny money, around that tulpps, and phony e-coins and monkey jpegs and … a whole lotta bad business ideas with not-yet-ready managers are getting funded.

The “I can sell you a bridge” syndrome?

I like new ideas. I support them. However, it must be viable. How many years of experience in an industry? How will this improve things? Show me how it will if terms of dollars so I will invest.

Really, it comes down to people loaning money who don’t know how to figure these things out. It’s only going to get worse given our dumbed down education system

[Gaius]

@DMK

Really, it comes down to people loaning money who don’t know how to figure these things out.

I cannit prove people (including VCs) are dumber now than before. I can prove tgey no longer have choose between ten ideas and fund the best two, they now have enough Fed-pribted helicopter money to fund all ten.

They are funding risky schemes they never would have funded two QEs ago.

Same deal with IPOs etc.
This is the definition of a bubble economy.