I think GP is probably implying that this particular vertical requires obscene amounts of capital to keep up, which makes it really hard for a startup if you’re going up against businesses with giant free cash flow machines.

It’s the same reason Reid Hoffman sold his AI startup early… he realized he just couldn’t beat Google/FB/MSFT long term if it devolved into a money race.

When the incumbent shoot themselves in the foot. Google and Microsoft are consultancy driven bureaucracies with abysmal product culture. At best Google will be the one providing the back end, but it’s very unlikely to me they’ll win the end user product space.