4 ms·
Not betting against him but there are couple of things to note 1) Not many new undiscovered markets exist 2) Google, Amazon, Facebook, Microsoft are getting big
by perseusprime11 9y ago
Not betting against him but there are couple of things to note
1) Not many new undiscovered markets exist
2) Google, Amazon, Facebook, Microsoft are getting bigger and bigger.
3) More bets tend to fail than succeed. So coupled with 1) and 2), not sure how much money will be left in 600M
- djrogers 9y ago> Not many new undiscovered markets exist Uh, how would we know that if they’re undiscovered? No, seriously - back up 20 years and tell that to the people who invested in Google/FB/Amazon. Or back up 10 years and Tell that to the folks who were going to invest in mobile gaming startups. Or how about 5 years ago - tell the folks who were starting Uber and Lyft that their markets don’t exists.
- perseusprime11 9y agoPace has slowed down by all accounts. I am only talking about big opportunities outside of GAFA. Also look at GDP growth.
- alasdair_ 9y ago>Also look at GDP growth. GDP seems like a terrible way to measure the economy. Let's smash all of Bastiat's windows and grow the GDP!