Right. But the reason big companies fail at this is because they don’t have the balls to pursue optimal longterm strategy in the face of quicker near term wins.

Right. But the reason big companies fail at this is because they don’t have the balls to pursue optimal longterm strategy in the face of quicker near term wins. There’s nothing preventing a big company from thinking like a nimble startup, other than fear/lack of vision coming from the top. If the CEO stuck to his or her guns, they could outcompete startups for these opportunities.