The 2000s were a startup winter after the dotcom bubble burst. In those days you were extremely lucky if you could raise over $100k in funding and in revenue $100m was the ultimate fantasy. ZIRP was the 2010s
You're right, what did happen around that time is that founders would be kept in charge of their companies instead of being replaced by CEOs (e.g. Founders Fund). The combination of the founders staying in power facilitated with dual class shares/ZIRP in 2010s (Google had their 2004 IPO) would be more correct.
The carriers were taking about 70% in tariffs and fees even without you bribing them to get better positioning. That’s why all the mobile app people rushed to Apple in the early days. They could actually turn a profit on the App Store.
If probably be retired now if I wasn’t already so burnt out on how SMS tariffs worked at the time. Utterly opaque and on a delay. They basically wrote you a check for however much they felt like each month.
Essentially the reseller arm of carriers at that time was just a money funnel from VCs to the telcos. They were eating their own young and I was full up on the bullshit.
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