Winter Take All

When the internet became good enough that you could build, say, an e commerce platform, not only underpeners were super excited about all these possibilities. And now, looking back, i think the evidence is much more mixed. Of course, we do see the big businesses. We see how google and facebook have become dominant and advertising. But at the same time, it's also true for every market you look at,. Some of them are struggling, as you would imagine, and many of them are doing surprisingly well. Think of lift, or via in ride sharing. Think of etsy and e commerce. Time after time after time, you see these much smaller companies that just should be