A lot of companies don't actually sell a product that does anything useful, though. They sell an idea that sounds useful to management, and obscuring the truth earns more money.
The economy is built on grifting, at this point, and every time, people here are shocked, SHOCKED that that is the case.
I agreed until here. Obviously, lying isn't the only way to make money. I make furniture and fix windows in old houses for a living. Am I grifting?
When you stretch into hyperbole, you lose the ability to convince people in the middle.
Do folks like you exist? Yes. Is the economy built on folks like you? No.
Are you sure?
If you ignore human constructs such as companies and organisations and quantify based on classifications that make more sense for aggregates of workers, you might be surprised how little of the economy is built on the F500 let alone venture capital unicorns.
It’s very obvious when people straight up lie in these industries because the physical thing never materializes.
/crying-in-UK
One of many stories about HS2 -- they managed to not document procurement though, so the judges didn't turn find evidence of corruption in that aspect (different story) -- https://www.railtech.com/all/2023/10/23/british-high-speed-r...
Sort of. The trick in these industries is to instead cheat on quality of materials and workmanship. Which is how we're drowning in physical products to buy, and yet most of them are barely functioning garbage - they've all been "value engineered" to near breaking point.
https://www.visualcapitalist.com/visualizing-u-s-gdp-by-indu...
I think it's fair to say that a large component of the top two industries (professional services and real estate) are shady. OTOH, there are a lot of industries that seem less prone to corruption and more likely to reward people for honest work.
That's just my POV, though.
That said...thank gawd there's still room for biz like yours.
I don't think you quite understand how VC works.
People who got the free shiny scummy garbage? They don't matter, their only role is to grow a counter on financial reports, and to serve as a backup plan - because when the potential buyers realize too soon what they were about to buy, the people holding the previously free garbage can be squeezed for some money to hopefully make the investors whole.
How dare companies do market research with potential buyers to know what to build before they start building it! If only we could setup massive factories that pump out hot garbage that nobody wants and build roads to nowhere like the soviets did.