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I agree with your observation (and Thiel's), but disagree on the reasoning. See my essay An Alternative Theory of Startups (http://www.rationalfuturist.com/writ
by apsec112 17y ago
I 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).