Jerktech is the very apt epithet for the class of "disruptive" startups that sell things that don't belong to them, like parking spots and restaurant reservations, simply raising the prices of them and making access to public resources a factor of your disposable income.
The term comes from a very good Josh Constine piece on Techcruch, in which he tries to draw a distinction between "disruptive" and "jerky."
Stop The JerkTech
Don’t concert ticket re-sale sites like StubHub encourage and take a cut from scalping? Yes, and I’m not a big fan of them for that reason. If the demand for a band’s ticket is high, they’re the ones that should be making the mark-up, not some sleazy guy with 20 computers who bought 40 tickets the second they went on sale to turn around and flip them. But at least that guy has to bet his own money that he can resell a private commodity he bought.
There are ways to disrupt with building JerkTech. Take Uber. I don’t always agree with with its aggressive execution, but the taxi industry had been content giving the people a crummy service for too long. With unreliable scheduled pick-ups, run-down cars, and road-ragey drivers talking on the phone the whole time, they were inviting someone to change things. Uber is far from perfect, but it’s giving people a better experience by updating an (albeit regulated) private industry.
Wang Jianlin made billions speculating on Chinese real-estate; now that he’s diversified into buying Hollywood movie studios and chains of movie theaters, the richest man in China is prepared to say what many have known: the Chinese property market is a huge, deadly bubble that’s ripe to burst.
Wells Fargo’s Board of Directors have finally exercised their right to claw back part of the hundreds of millions of dollars taken home by two senior executives who were compensated on the basis of the fraudulent earnings the bank took in while opening 2,000,000 secret accounts in their customers’ names, taking money out of those […]
Yesterday, Google announced “Youtube Go,” an “offline first” version of the popular video service designed for the Indian market where internet coverage is intermittent, provided by monopolistic carriers that have a history of network discrimination, and where people have a wide variety of devices, including very low-powered ones.
Vaping is getting more mainstream by the day, which means there’s been an influx of quality yet affordable vaporizers on the market. We’re particularly excited about the APX Wax Vaporizer Kit, which is an easy-to-use, high-quality vape that works with both dry herbs and waxy concentrates.If you’re a beginner trying to get into vaping, the APX […]
When you’ve had a long day and it’s time to unwind, there’s a lot you can do to relax: drink some tea, take a shower or even read a book. But there’s one thing that’s essential to a comfortable night’s rest—and that’s investing in some really good sheets. Enter Bamboo Bed Sheets. These quality sheets retail for $120, but […]
The Avantree Powerhouse 4 Port Fast USB Charging Station brings high quality, high power, and still keeps your work space or home looking neat and organized. The best part about this charger is its capacity. It comes packing 4 USB charging sockets and a powerful 4.5A/22.5W output.. Its smartport technology means you don’t have to worry about frying your battery, either—it […]