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Joined 1 year ago
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Cake day: July 1st, 2023

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  • I disagree, this has nothing to do with software development models, It’s all about purpose. If your website must start making money quickly, then you can be sure it will have a payment model regardless of how things are developed. Social media business (and others) translated user growth into investment models: you give us this much money at this “completely made up valuation” and we’ll use it to grow our user-base by this much.

    This was possible because interest rates have been very low for the most of the 2010s. This meant that investors would be losing money if they held on to it so they just threw it at “the new tech” hoping something would stick. In the past few years, inflation has driven the interest rates very high and it means that money is not cheap anymore so all these businesses now have to transition to a money making model. That’s all.