All-In Summit: Bill Gurley presents 2,851 Miles

I work for a Swiss POS firm. We buy all our peripherals like tablet stands etc, and merchandising from Temu since it's 5-10x time cheaper and is same or better quality. We are competing with well funded companies like lighspeed/toast so it's been great help for us. Funny incident our CEO just mentioned to me yesterday: She ordered stickers from a local shop without asking the price, and on delivery had to pay 200 CHF for 20 stickers so 10 CHF/sticker. Next time she ordered from temu and got them at 20 CHF for 200 stickers so 0.1 CHF/sticker. At least to me it's clear this is plain and simple regulatory capture by inefficient european retailers. In supermarkets I have to pay 12 EUR for a bottle opener that I can get for 2 EUR on temu. Amazon.de for example launched free delivery to estonia and other small european countries only recently post rise of temu. These actions by EU commision are vehemently anti-consumer and anti-business under the transparent guise of being pro-consumer and pro-business. Would recommend Bill Gurly's talk about regulatory capture if anyone is interested [this video]

Bill Gureley's talk on regulation comes to mind: [this video] The reason barking at open source will only get the dog thrown into the river is because there is a whole lot more cumulative power distributed among companies and consumers who don't want two incumbents to dictate which kinds of alternatives can exist. Note that those rushing to the "all corpos evil" talking points will turn around and advocate delegating these decisions to "the government." This is the same government that they also claim is bought by the corporations. It's also the same government that will enforce the regulatory capture on behalf of the yucky corporation against the broad, diverse interests. Thinking big vs small while embracing the biggest of the big is some kind of inconsistency that people need to deal with by looking in the mirror and finding some awareness. Nuance. If your problem model is wrong, so is every solution you propose except if your wrong model may get lucky from time to time. Not every broken model is a broken clock. Some broken models cannot admit the right answer ever. The real dynamic on display here is broad, correlated mass of overlapping interests, big and small. The big pile of people and entities that don't want to be governed by OpenAI and Anthropic can push harder and win the tug of war. You don't have to like your temporary allies all the time, but at least know who they are and when you are aligned.