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4min chapter
The Rise of the Exponential Organization
a16z Podcast
The Importance of Small Companies in the Future
The reason for big companies is an old economic paradigm called coast of law this fellow in the 1930s wrote a nine-page paper for which he won the Nobel Prize in economics saying that big companies exist because transaction costs are lower on the inside than the outside and you can get economies of scale. We think small companies offering powerful services and then scaling to become platforms is going to be the default modality for business building in the future. All of these organizations had what we call an MTP or a massive transformative purpose that you need to begin with versus a cool technology.
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