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"But the number of iconic companies—and the number of companies that even aspire to greatness—seems to be dropping. I'm a little worried that things are slowing
by jasonlbaptiste 17y ago
"But the number of iconic companies—and the number of companies that even aspire to greatness—seems to be dropping. I'm a little worried that things are slowing down, operating well below potential. …We need more Intels, Apples, Googles, Genentechs, and Facebooks. I'm not sure we're going to get enough with venture [capital] in its current state. "
I agree and this bothers me a lot. Startups are easier to start and we're making silly twitter apps or trying to sell out for 5 million. Very few companies strive to build a lasting legacy.
- apsec112 17y agoI agree with your observation (and Thiel's), but disagree on the reasoning. See my essay An Alternative Theory of Startups (http://www.rationalfuturist.com/writings/altstartups.html http://www.rationalfuturist.com/writings/altstartups.html).