It seems like new tech startups are popping up every day. One day everyone’s on Instagram, the next, they’re on Snapchat or AirBNB. As consumers, we couldn’t be happier with the situation. New innovation is great! It gives us more tools and services to make our lives easier or more entertaining.
Like most companies, tech startups come about through a lot of work, some luck, and venture capital. Every business needs investors, and tech companies are no exception. There are a number of venture firms in the industry, among the most famous are A16Z, Sequoia Capital, Google Ventures, and Y Combinator.
Sometimes it can be easy for us as members of a modern society to realize that social networking portals such as MySpace, Twitter, and Facebook are only a (relatively) new concept in the world in which we live. And the fact of the matter is that as consumers and end-users we rarely ever really ponder the fact that while social networking is built to allow users to keep in touch with one another, the social networks themselves are indeed large and profitable enterprises that have their own profit-driven goals in mind.