think the data says more about Boston--tiny firms and shops proliferate in Japanese cities despite far better transportation
def, most small firms stay small--what sort of characteristics do high-growth firms have?
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well great majority of small biz are highly derivative business models (e.g., local pizza shop, tax services,etc)
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that plus skills/experience of founders and capitalization. lots of high growth oriented firms still fail, but+
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those without those sorts of characteristics very rarely achieve high growth.
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right--for those sorts of derivative small biz, you want proliferation of them, not growth of any particular one
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that is, you want lots of pizza shops in your city, mostly independent, rather than one pizza chain dominating
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in London best pizza is from proto-chains (eg Franco Manca, Pizza Pilgrims). One-off places near-universally shit
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[agree we are better off with a few of these chains ofc, but even with restaurants more shit small than good]
End of conversation
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