20VC: a16z's Chris Dixon on Who Will Win the Next Generation of Venture, The Two Ways to Make Great Venture Investments and Find the Best Entrepreneurs & Why AI Will Strengthen the Position of the Incumbents Moving Forward
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
Evolution of Technology Industry Layers
The technology industry has seen a shift in competition from hardware to software, as highlighted by the rise of Microsoft which commoditized the hardware layer by establishing software as the next valuable layer. Open source software, like Linux, emerged as a formidable competitor, showcasing that even a decentralized group could create superior products compared to high cash flow companies. The underestimated rise of open source software has now become ubiquitous, powering Android phones, Apple computers, and backend systems of various new devices.
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