3 ms·
Plus you have to luckout on developing a product that the existing capitalists won't just extinguish. So much of success is having the right product at the righ
by asdff 4y ago
Plus you have to luckout on developing a product that the existing capitalists won't just extinguish. So much of success is having the right product at the right time. The fact that facebook got big was partially because there was no major media social network that could buy politicians and advertising and outright buy out competitors before they've ever gotten too large to be a threat. Now there is, facebook assumed that role by growing to that size having no solid competitors, and that opportunity for new mark zuckerbergs making facebooks is probably closed off.
If a new EV company appeared today, founded by some rag tag college grads versus someone who was already rich, what are the odds it gets legs and runs? I bet zero. I bet it gets bought out by an existing competitor that can afford to navigate all the byzantine regulations they themselves penned to defend their niche in this industry. That's even the working model many startup founders have, to create just enough of a coherent product to get bought out by a larger fish and not have to deal with maintaining or expanding that product.