That’s the part where VC money comes in. 99% of the VC funded companies worth billions weren’t the first, or the best — they just managed to get VC money and ou

That’s the part where VC money comes in. 99% of the VC funded companies worth billions weren’t the first, or the best — they just managed to get VC money and out-spent everyone else on advertising, or used the money to give away their product until they were the largest. Uber is still making losses in almost all markets it’s active in. Slack is making a 380'000 $ loss per day. Amazon hasn’t made a profit a single time in their entire history. The Silicon Valley model of "let’s gain a monopoly by giving away a product and outspending everyone on advertising, then monetizing it" doesn’t reward the best product. Never has, never will. And companies grown the traditional, honest way, making actual profits of course can’t compete with that. If I opened up a supermarket giving away everything for free, of course I’d have more customers than the supermarkets who have to make money.