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Primarily because the companies listed succeeded in capitalizing on Software Eating the World (Thiel). Software companies grew the way they did because, for a
by NotPavlovsDog 6y ago
Primarily because the companies listed succeeded in capitalizing on Software Eating the World (Thiel).
Software companies grew the way they did because, for a while, there was little regulatory capture, with tech doing what tech wanted, at least with the unicorns. Thiel, PG have commented on this.
There was a recent article on HN from O'Reilly - the new wave of breakthroughs anticipated, in biotech, might not have room for engineer CEOs, nor the unicorn growth of software-based start-ups.
- etripe 6y agoJust a small nitpick: what you probably mean is there was little regulation. Regulatory capture is what occurs after regulation has been established, is seen as a hindrance and companies start currying favour by greasing the wheels. In a word, captured regulatory agencies are beholden to the industry. See also: Ajit Pai in the FCC, SOPA, Boeing and the FAA...
- NotPavlovsDog 6y agoI could have worded better, thanks.