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Patrick Collison (Stripe CEO) - Craft, Beauty, & The Future of Payments
Dwarkesh Podcast
Innovation Often Lies Untapped in Crowded Markets
Many businesses and products exist in oversaturated markets, yet opportunities for improvement often remain unexplored. While established companies, including those in tech hubs like San Francisco, may overlook potential innovations, it's crucial to recognize that significant advancements can enhance offerings. Commonly perceived barriers to entry, such as network effects, economies of scale, and regulatory challenges in sectors like payments, can be overestimated. The reality is that a thriving fintech ecosystem illustrates that even in competitive fields, fresh ideas and solutions await discovery.
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