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> tech products tend to be natural monopolies Based on what evidence? Isn't the simpler explanation "VC wants big return; VC funds tech; therefore VC encourage
by hoosieree 2y ago
> tech products tend to be natural monopolies
Based on what evidence? Isn't the simpler explanation "VC wants big return; VC funds tech; therefore VC encourages monopolies"?
- treyd 2y agoNetwork effects are just so strong. Once a particular option has ingrained itself for a particular use-case they can make it extremely difficult for any alternative to become viable even if it's technologically superior. Just look at Windows vs Linux.
- brookst 2y agoNetwork effects are huge. Also consider the velocity of tech. A superior product can dominate the market in 10 years or less, where other industries take decades or more and first movers don’t get as far ahead.