If you ask Peter Thiel, it’s certainly not to engage in competition for the ultimate benefit of consumers. Not that he somehow speaks for everyone in VC funded

If you ask Peter Thiel, it’s certainly not to engage in competition for the ultimate benefit of consumers. Not that he somehow speaks for everyone in VC funded startups at all. I just don’t find many other voices willing to say “competition is for losers” out loud where regulators might hear, even if the structure of their investments looks like it needs to find a monopoly to me.