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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Replying to @KevinSimler
@KevinSimler They've managed to take the entire valuable part of the power-law curve of accelerated startup outcomes for themselves.1 reply 0 retweets 2 likes -
Replying to @paulbaumgart
@KevinSimler It's a particularly steep curve, since it cuts across many winner-take-all markets.1 reply 0 retweets 1 like -
Replying to @paulbaumgart
@KevinSimler Add in the network effects of their community to their massive profit advantage, and they're incredibly hard to compete with.1 reply 0 retweets 2 likes -
Replying to @paulbaumgart
@paulbaumgart but "hard to compete with" is a weaker assertion than "natural monopoly," no? (TBH IDK...)1 reply 0 retweets 0 likes -
Replying to @KevinSimler
@KevinSimler I'd define a monopoly as "the amount of human/financial capital needed to compete with this co. isn't realistically available."1 reply 0 retweets 1 like
@KevinSimler But I'm not one of those fancy college businessmen, so, take that as you will.
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