Yeah these days the best business model seems to be out raising the competition and using your cash to let you bleed long enough to gain a monopoly in your mark

Yeah these days the best business model seems to be out raising the competition and using your cash to let you bleed long enough to gain a monopoly in your market. Sadly this also works in favor of VCs, who get an excuse to raise 10-20x larger funds and live off of the management fees.