> PG isn't defending Mighty, Dropbox or Coinbase Those are not needing defense. Those are quite mundane business. Dropbox for one, everyone thinks it's useful

> PG isn't defending Mighty, Dropbox or Coinbase Those are not needing defense. Those are quite mundane business. Dropbox for one, everyone thinks it's useful. The controversial part is whether or not it's a good business. Turns out Dropbox is not so great a business. I mean, if Dropbox is in China, it will be crushed by copycats and die very quickly. Similarly for coinbase. It's useful. The question was whether or not btc and crypto currency will be big enough for coinbase to be a great business. Of course, given the success in crypto currency, coinbase is a great business. But neither of these are “crazy new ideas”. They are not even new ideas...