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Venture Capital
New ideas will come through established companies. They'll be funded by private equity, they'll happen in china. But the exact formula where you can afford to make so many mistakes because the hits are o big is a mystery. To what extent does v c rely on that kind of rapid scale ability that may not come back? And that's why the industry came about at a time when softwar happened,. and we had this softwear is very unlike any other good.