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So actual hard talent plus wanting to build business success is enough you think?

• konschubert 4y ago
  An environment that makes it easy to start a business does help but is not strictly required.
  • t_mann 4y ago
    So what is it then that explains the success delta between Intel and ARM, between Apple and Grundig, between Facebook and studiVZ, if it's not necessarily the business-friendly environment?
    • konschubert 4y ago
      Grundig was founded 1930. It wasn’t managed by Steve Jobs and Steve Wozniak, it was managed by business people. StudiVZ - Germany was too small of a market to get a global network effect going. I don’t know about the management but I’m pretty sure Facebook had better access to VCs, since VCs basically didn’t exist in Germany at that time. Which kind of is my point: Nobody wanted to start a garage startup, so there was no need for VCs.