Value creation isn't a zero sum game. Increased productivity benefits everyone. Whether it hyperscales or not, genuinely profitable businesses add value to the economy. This in turn creates more opportunities for everyone willing to participate.
I agree with you that profitable businesses add value to everyone's lives, but there's a maximalist limit to the relationship where they start extracting value and opportunity overall.
Frankly, not all of the VC sphere is focused on value creation. Much of it seems focused on buzzwords and vaporware. Success in the VC world might mean keeping the hype and promises of hyperscale performance rolling long enough to successfully dump on retail. Sure, VCs and founders profit, but is it genuine value creation?
It is a symptom of an overly financialized economy. We should distinguish these cynical scenarios from genuinely profitable value creation.
1000% agree, thanks for the thoughtful reply
Your comment contradicts the "hyperscale or bust" mentality. Hyperscale is not a necessary condition to be competitive. You can put out a better product/service even before economies of scale are reachable. In the meantime, this hyperscale nonsense is nothing more than cargo cult mentality where the need for a sustainable business model is replaced with hand-waving and mindlessly repeating "hyperscale" as a mantra, which has been the death of countless startups.