"the prize you get for being #1 in any market is enormous" I believe this for broad markets with network effects (though see how quickly tiktok obviated facebo

"the prize you get for being #1 in any market is enormous" I believe this for broad markets with network effects (though see how quickly tiktok obviated facebook), but for companies that send out text messages to your customers or host your application in the cloud, which are examples of the creme de la creme of 10s startup success, it matters a lot less. These companies have no moat, no future, and are purely designed to be vehicles that take money out of the pockets of pension funds and give it to financiers.