This seems to contradict your thesis about relative power between investors & entrepreneurs (as the new labor): continuations.com/post/134920840
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Just re-read your 3-part analysis. It maps well to Carlota Perez's framework. But I can't shake notion that "this time it's different."
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But perhaps the right lens is "attention economics." Brand and distribution power are the new capital. Then the analogy holds up better
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