NooneOfConsequence wrote on Jan 1
st, 2021 at 8:44pm:
That’s the entire big-tech business model. Lose lots of venture capital money while building an audience, get valued over $1Billion without any revenue stream, then become a publicly traded company to pay back the venture capital. They don’t even try to make money for years and then it’s really haphazard and awkward when they finally do.
For some, but others it's much easier, especially those working on govt grants.
Costs are zero since it's grant money, information has already been collected, so it's just a matter of controlling access and billing. Happens all the time in the third World and developing nations. Mostly USA startups doing the infrastructure. In the Pacific anyway. Africa as well I think, since the last 2 I've seen show up here databasing govt stuff were in Nigeria first.