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This has been said about many companies in the past and it is rarely the case. Compared to the infrastructure needed to compete with Standard Oil, the railroad
by aeternum 7y ago
This has been said about many companies in the past and it is rarely the case. Compared to the infrastructure needed to compete with Standard Oil, the railroads, or telecom, the capital expenditure to create a new tech company is miniscule.
Founders just need to not sell out. Look at the rise of TikTok. Even with search, DuckDuckGo with its privacy focus is starting to encroach on Google.
- paulddraper 7y ago> the capital expenditure to create a new tech company is miniscule Hiring a hundred AI engineers/scientists isn't cheap either.
- Ididntdothis 7y agoI don’t think the money is the problem. Finding something useful and profitable to do for them is the hard part.
- PaulDavisThe1st 7y agoLet's pay them all $200k/yr. That's $10,000,000m a year. Inflation adjusted, compared to the capital investments of the giants of the roaring 20s, this is pretty small if not irrelevant. Even if you double it to cover payroll tax and other expenses, it's still going to move the needle.
- paulddraper 7y agoI think you mean $20m/year.