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Standard Oil Part I
Acquired
Is There a Strength Leads to Strength Business?
This is kind of the first venture capital business. Like we talked a lot on the t s m c episode about these massive fixed costs. And then it's all a volume game, like, how much can you get the plants at full capacity as fast as possible? Because the unit costs can be super small, cause your your variable costs are super low. But it's all about that gigantic capital investment of the fixed costs.
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