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It can take 7-10 years for a great company to emerge. In Apple’s case it took 30 years to bring out the iPhone. (Yes they had some success in the interim, but
by mathattack 8y ago
It can take 7-10 years for a great company to emerge. In Apple’s case it took 30 years to bring out the iPhone. (Yes they had some success in the interim, but their true breakout was slower coming)
- api 8y agoThat makes it a lot worse, since the high costs mean companies that don't go vertical instantly die.
- mathattack 8y agoMy point is that it’s premature to say “Nothing great has happened from recent companies.” It takes a longer time horizon. The high cost does put pressure on companies though. Most startups quickly branch out of the Bay Area for their Sales and Services. The economics of founding (premium for access to capital and talent that isn’t risk-averse) is different than mature companies (premium on margins).
- deleted 8y ago[deleted]