Each of those companies solved hard tech problems to scale and also only managed to achieve that scale because of venture capital subsidization (prior to moneti

Each of those companies solved hard tech problems to scale and also only managed to achieve that scale because of venture capital subsidization (prior to monetization). They also benefited from major human capital involvement. Looked at the right way, they were extremely capital-intensive endeavors. It just came into more play going from “1 to n” than “0 to 1”. In fact, I’m willing to bet that you’ll find lots of examples of 0 to 1s similar to Facebook and Twitter that preceded them but lacked the capital necessary to get to the same scale.