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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@paulbaumgart but "hard to compete with" is a weaker assertion than "natural monopoly," no? (TBH IDK...) -
@KevinSimler I'd define a monopoly as "the amount of human/financial capital needed to compete with this co. isn't realistically available." - 1 more reply
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