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Jeffrey Funk

Jeffrey Funk is a consultant on the business models and economics of new technologies. Previously, he was a professor at several universities.
Articles by Jeffrey Funk

Web3, the Metaverse, and the Lack of Useful Innovation

So far, the year 2022 has certainly looked like a deflating technology bubble. After a decade of rising market caps, stocks for formerly hot “tech” companies fell far below their recent highs. By September 2022, exercise equipment maker Pelo­ton was down 90 percent from a year before; ridesharing company Lyft had fallen 70 percent; videoconferencing…

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The Crisis of Venture Capital: Fixing America’s Broken Start-Up System

Despite all the attention and investment that Silicon Valley’s re­cent start-ups have received, they have done little but lose mon­ey: Uber, Lyft, WeWork, Pinterest, and Snapchat have consistently failed to turn profits, with Uber’s cumulative losses exceeding $25 billion. Perhaps even more notorious are bankrupt and discredited start-ups such as Theranos, Luckin Coffee, and Wirecard,…

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