I ultimately think it comes down to that people don't think they need these things because they have options now (however poor they may be compared to the option that could be built in the future).
"The stock market used to be a place where entrepreneurs went and raised money for their companies. That’s what the stock market used to be. Today the stock market is a place where hedge fund managers and quant traders are shaving fractions of a penny off benign movements in price and volume. One of the byproducts of going from an entrepreneurial stock market to a hyper-traded stock market is that new companies can’t survive unless they have a market cap of at least $10 billion dollars. Don’t even bother going public with less than that. It’s not worth the time, or the money, or the effort."
I think because of the above, that sites like kickstarter and indigogo have become sort of like the new IPO market where would be entrepreneurs and hobbyists can raise funds to make things people want, without the huge burden of the legal liabilities associated with typical investments. (aside: I wonder how people could build on top of this to become sort of the quants of these new platforms?)
To be honest, I don't think people are really craving a faster way to get to their (shitty) jobs, and would much rather a better socioeconomic situation… what does the hyperloop for that look like that would render the current reality obsolete and undesirable comparatively?
"The stock market used to be a place where entrepreneurs went and raised money for their companies. That’s what the stock market used to be. Today the stock market is a place where hedge fund managers and quant traders are shaving fractions of a penny off benign movements in price and volume. One of the byproducts of going from an entrepreneurial stock market to a hyper-traded stock market is that new companies can’t survive unless they have a market cap of at least $10 billion dollars. Don’t even bother going public with less than that. It’s not worth the time, or the money, or the effort."
I think because of the above, that sites like kickstarter and indigogo have become sort of like the new IPO market where would be entrepreneurs and hobbyists can raise funds to make things people want, without the huge burden of the legal liabilities associated with typical investments. (aside: I wonder how people could build on top of this to become sort of the quants of these new platforms?)
To be honest, I don't think people are really craving a faster way to get to their (shitty) jobs, and would much rather a better socioeconomic situation… what does the hyperloop for that look like that would render the current reality obsolete and undesirable comparatively?