Yeah acquisition itself can have a positive role in innovation from specialization of capabilities. The VC model often is based upon "growth then monetize" and

Yeah acquisition itself can have a positive role in innovation from specialization of capabilities. The VC model often is based upon "growth then monetize" and the monetization and creation skillsets don't always overlap. Imagine a hypothetical world where anyone buying start ups was forbidden. Someone capable of building something new but not monetizing it would be less incentivized than if they could be bought out. Others would be encouraged to roll their own for redundancy of labor as there are downsides to building dependencies upon things you don't have full control over. The current system is not a perfect system by any means but it does have merits.