There are plenty of new and small businesses (especially in Europe) that don’t have the startup business model, yes. They’re better than startups. We should not call them startups as that’s a Silicon Valley brand. And we must fund/support them as the Silicon Valley machine won’t.https://twitter.com/rubendinho/status/980458874619691008 …
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We must differentiate between startups & stayups. Startups are temporary businesses funded to either fail fast or grow rapidly/get sold (exit) to larger a surveillance capitalists like Google or to the public via an IPO. Stayups are sustainable businesses that don’t need an exit.https://twitter.com/aral/status/980702246588567552 …
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We must stop funding startups and start funding stayups instead – because venture capitalists aren’t going to (their model is mired in the exit; they created surveillance capitalism) – especially in the EU and with EU and national taxpayer money.https://twitter.com/aral/status/980704430055182336 …
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And we must have stipulations on EU funding for ethical and sustainable technology companies so we don’t end up as a free research and development department for Silicon Valley surveillance capitalists: …https://twitter.com/aral/status/980705355436044288 …
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1 No equity capital; cannot sell to Google, FB, etc. 2 Free (as in freedom): trust not required; has full algorithmic transparency, can be forked 3 Decentralised: no incentive for vertical scale 4 Interoperable: no lock in See Ethical Design Manifesto: https://ind.ie/ethical-design https://twitter.com/aral/status/980706622954790913 …
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