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While I agree with his premise, there are already industries that used to be startup focused where there is a gatekeeper. E-commerce has Amazon, advertising has
by SethMurphy 13y ago
While I agree with his premise, there are already industries that used to be startup focused where there is a gatekeeper. E-commerce has Amazon, advertising has Google (and possibly Facebook), which already destroy new startups before they really get started through this same VC mindset. It seems to me that the balance of power is just moving up the line a bit to industries where VC's have little to no power to influence.
- antr 13y agoThe power isn't moving up, but turning the model into a pay-to-play one. The economics for US startups and businesses overall will change considerably (for worse).
- rhizome 13y agoIn what way(s) is Amazon a "gatekeeper" to e-commerce?
- SethMurphy 13y agoMaybe I didn't word it properly. It is in the sense that VC's say, well Amazon could do that too, we'll have to pass. They are more of a gate that does not open.