One of the biggest things people don't understand about startups is how far they have spread beyond classic "tech."
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It's not just software that's eating the world, but startups specifically.
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Startups may actually spread faster in domains that haven't previously had them, because there is no acquired immunity to them.
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Yes, I love that one! I think it also shows a major flaw in Thiel's arguments about how startups don't do "real" innovation.
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When most of your economy is busy facilitating transactions, the biggest productivity growth is gonna come from making THAT easier.
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