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Netflix and the Conservation of Attractive Profits - Stratechery by Ben Thompson
stratechery.comstratechery.com
They sure do. Here is a quote from a blog post written 19 years ago:
…in the game of venture lotto, "too much money chasing too few deals" is an oft-cited phrase among VCs who find themselves in competition for deals. The most sought after deals are led by proven entrepreneurs. Especially popular are serial... See more
Ho Namx.comMeanwhile, a lower cost to creating new programs also means a shorter half-life for a given piece of code
Byrne Hobart • Software is the new Hardware
