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In thinking about the App Economy™️I thought about Webvan, the first "deliver everything cheap" digital concept & realized that, at least by the WP article, people still completely fail to understand why it failed - which explains why we keep falling for these untenable businesses.

The cost-setting factors in shopping & delivery have nothing to do with anything a digital intermediary can fix. The only way is to exploit and/or cheat somebody in the value chain.

30 years of #MySQL, the #database that changed the world
From ubiquitous go-to system for early Noughties startups to a legacy like no other
The arrival of MySQL coincided with the #dotcom boom, which heralded the arrival of technologies and businesses that, for better or worse, became known as Web 2.0.
MySQL became the M in LAMP, the de facto standard used to build web-facing systems, which included Linux, Apache web server, and programming languages Perl, PHP, or Python
theregister.com/2025/05/06/30_

If history repeats, we should compare the AI bubble with the dot-com bubble.

“AI-powered” is the new “.com.” Startups are pitching thin wrappers — and this time, many don’t even pretend to own the tech they’re built on.

Look closer, and it’s a house of cards:

Wrappers rely on OpenAI
OpenAI relies on Microsoft
Microsoft needs NVIDIA
NVIDIA owns the chips that power it all

#AI #Bubble #TechHistory #DotCom #StartupCulture #PlatformDependency #DigitalInfrastructure

skooloflife.medium.com/99-of-a

Medium · 99% of AI Startups Will Be Dead by 2026 — Here’s WhyBy Srinivas Rao

I remember reading a Wired cover article with Mark Andreeson where he told that at Netscape they have the "Netscape Finger Cheer", where you form an N with your fingers.

Man, the dotcom era was hilariously insane, ESPECIALLY in hindsight. Knowing what the man became, I guess we all now have a particular finger cheer too.

Continued thread

To be clear, my optimism didn't really last all that long, say from about 1995 when the #WWW really took off, to 1998 or so when the #dotcom bubble started to crack. By 1999 it was obvious things weren't working out so well: The #Matrix hit at exactly the right moment.

But oh, how I miss that brief period when it looked like we were going to get #StarTrek instead.

It's a new year of Cybercultural, your favourite #InternetHistory indie website. This year I'll be focusing more on the dot-com era (1990s) and the terrible 2010s. You can expect 1 post per week going forward — subscribe for free via email or RSS.

Ok, onto this week's post: Multimedia Gulch in 1994, when CD-ROM designers lived fast in a time of slow modems! cybercultural.com/p/multimedia #Multimedia #Dotcom

CyberculturalMultimedia Gulch in 1994: The Age of Interactive CD-ROMs
More from Richard MacManus
Continued thread

Big Tech and #VCs will only change their #mindset when enough #startups and #investors go belly-up, which is being delayed by adding “AI” into everything at all possible.

My experience has been that VCs aren’t as creative as people think they are, and we’re experiencing a #DotCom crash in slow motion.

The difference is, there was a financial crisis in between which enabled the VC and Big Tech ecosystem to gain not only outsize mindshare, but also market share of the #economy.

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