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for a large company you are one of a million ppl adding water. for a smaller company you are one of a few thousand. for a start-up you may be the lone believer. your absence might be death.

'value' investing then intuitively is being part of a smaller group of believers. if the pie is Faith then each person gets more percentage of pie. but the matching of pie to Real Stuff is tenuous.

as a founder or seed-stage investor you get quite a big of pie, but the distance to reality is quite large. buying sth like tsla is small pie for big cost but the reality is quite real & tangible (and severely overpriced)

a company like a plant can grow explosively/exponentially but at the end of the day is a living organism with inflows and outflows. it needs money, labor, etc... it can't infinitely grow b/c eventually the internal concerns Cancer it to death.

intuitively this is just saying that skyscrapers are hard to build b/c gravity. companies with hyper-growth often are 'light' and parasitic, like airbnb or uber who don't own property/cars. they are more like monetizable protocols of coordination

they grow explosively but only because they can utilize the existing landscape. that means the explosion is horizontal not vertical. it doesn't build a new skyscraper. explosive skyscrapers like tsla/space-x are quite amazing to watch.

thiel's zero to one to reminds me of a factorio game... you explode horizontally to monopolize the resources, then dedicate all of it to launching a rocket. the DESIRE for the rocket/mars-rover is the capstone that coordinates the entire System

however... when btc 'goes to the moon' is that a real rocket launch or is it a bubble? similar to mar's perseverance, the final result is mostly artistic value in the preset with potential scientific value in the future.