Recode Decode: Benchmark partner Bill Gurley
Decoder with Nilay Patel
The dangers of aggressively giving away money and over-choreographed industries
When everyone is aggressively giving away money, it becomes difficult to build a business. Over-choreographed ventures, like VR, can be challenging because big companies like Samsung, HTC, and Facebook are all involved. Startups tend to succeed when they fly under the radar rather than when they face fierce competition.
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