
A new wave of company creation
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All Birds Didn't Go Through Wy Combinator, but That's Still Valid
What's happened repeatedly is that the scaled to a certain point and did not have softro margins, did not have network effects. And so the kind of binary requirements to create this kind of business is went away. You don't need to run a national t v campaign. But that doesn't mean some of them didn't create half a billion dollar companies.
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