Y-Combinator is a really fascinating business model. If I understand the math right, it's one of the most profound natural monopolies.
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@KevinSimler Add in the network effects of their community to their massive profit advantage, and they're incredibly hard to compete with.
@paulbaumgart but "hard to compete with" is a weaker assertion than "natural monopoly," no? (TBH IDK...)
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@KevinSimler I'd define a monopoly as "the amount of human/financial capital needed to compete with this co. isn't realistically available." -
@KevinSimler But I'm not one of those fancy college businessmen, so, take that as you will.
End of conversation
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