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I want someone to come in and crush entrenched rent-seekers by building and scaling better, cheaper products. There are only a handful of companies in recent me
by tfehring 7y ago
I want someone to come in and crush entrenched rent-seekers by building and scaling better, cheaper products. There are only a handful of companies in recent memory that have managed to do that - Walmart, Vanguard, Uber/Lyft, and arguably Airbnb and Robinhood are the first few that come to mind - and I can't think of any other than Amazon that have done it in multiple spaces (CPG + IaaS so far).
I'd prefer if different startups did it in each of those industries, but I can live with Amazon taking over the world if it means that health care no longer sucks and selling a home no longer costs 6% and kids in underfunded school districts get their questions answered.
- cannonedhamster 7y agoYou can sell your home though various portals without having to ever speak to a realtor. Walmart has innovated in a few different places but primarily logistics. Disney is not just an animation hub, they work on robotics, software, as well as psychology and other areas. I think it's easier to see when your company isn't already a behemoth. Amazon arguably has done innovation better than most, but a lot of that has been through investor money other people wouldn't have access to. Established companies have to balance the books and as they've shifted towards profitability and revenue innovation has necessarily slowed. I think you're already seeing many of your problems getting closer to solutions. There is that natural tension though between capitalism and it's tendency towards monopoly and the government's responsibility to ensure that the market stays healthy and competitive.