Ben Thompson is, predictably, the most level-headed take on WeWork: https://stratechery.com/2019/the-wework-ipo/ … I'm curious: what other massively capital consuming opportunities are uniquely plausible because of Soft^H^H^H^H an environment in which capital is abundantly available at large sizes?
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Softbank has an advantage here in that their core business is the tech industry equivalent of watching paint dry over very, very long infrastructure cycles while collecting the Internet tax from a large, effectively static portion of the 3rd richest country in the world.
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Afraid I take a more negative view. AAGBS rightly assessed there just isn't an interesting enough opportunity. If there exist such good mature profitable businesses, should get good ROI in funding competitors. Unless there are institutional barriers (regulation,etc.)
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Most tech companies today are continuing roll-out of software into more industries, like electrification rollout of late 19th/early 20th century. "Electricity is eating the world". Someone needs to come up with nuclear/antibiotics/jet engine for next stage in human progress!
End of conversation
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