The best things on the internet don't make any money
At some point, the internet became a get-rich-quick scheme.
There’s a simple formula to it: Smart people with good ideas receive millions of dollars to build something. If that something generates billions of dollars, it is a success. If it does not, it is a failure.
Such “failures” include: Twitter, Soundcloud, Vine, Reddit.
At varying times, each of these companies had the hallmarks of “success”—millions of engaged users, venture capital money, a good brand. Now, Twitter is limping along, Soundcloud is in a death spiral, Vine is gone, and Reddit is still trying to figure things out.
They suffer from the same problem as