MT @vgr: If Apple Watch succeeds, we'll need a new economic term. I propose "Veblen-Moore good"?http://en.wikipedia.org/wiki/Veblen_good … cc @ThomasBorie
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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@PhilWaymouth@vgr@pmarca there was IAmRich app that cost $1000 and did *nothing*. pulled quickly but sold some copies... - Show replies
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@ahsanhilal@pmarca Nobody invests high capex in extreme manufacturing tech required to make precision gold objects for a loss leader. - Show replies
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