I don't know which millennial consumer subsidy companies are going to come out stronger. But i have no doubt that some of them will come out of this period of inflation and possible recession and probably become absolutely ginormous companies in the future. I think the difference is going to be something like this. We're going to figure out the next few years, which sos were just good at raising money, and which c eos are good at actually being c eos.
Venture capitalists spent years subsidizing the price of things like Uber rides and food delivery. The Atlantic’s Derek Thompson explains why they’ve stopped.
This episode was produced by Miles Bryan, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Paul Mounsey, and hosted by Noel King.
Transcript at vox.com/todayexplained
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