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A comment on Why I don't believe in Uber's Success. Parent comment
And there you have it, the core of the Silicon Valley concept, the ideal startup, the business model of VCs.
1. Create a new product.
2a. Create a new market; have first mover advantage
or 2b. Use Predatory Pricing or Anticompetitive actions to gain advantage
3. Establish monopoly
4. Cash out big.
5. Use money to fund new business ventures, see 1.
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And there you have it, the core of the Silicon Valley concept, the ideal startup, the business model of VCs.
1. Create a new product.
2a. Create a new market; have first mover advantage
or 2b. Use Predatory Pricing or Anticompetitive actions to gain advantage
3. Establish monopoly
4. Cash out big.
5. Use money to fund new business ventures, see 1.