"Turpentine VC" | Venture Capital and Investing  cover image

E4: Sam Lessin on Why the Seed & “Factory System” Era of Venture is Dead

"Turpentine VC" | Venture Capital and Investing

CHAPTER

The Consolidation of Power in the Tech Industry

This chapter explores how power and success in the tech industry tend to consolidate among the largest players. The speaker reflects on the growth of tech giants during the PC revolution and the birth of the internet, contrasting it with the struggles of newer companies. They discuss the potential future of unicorns and the role of AI in creating big companies.

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