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This captures my sentiment.

It’s hard to see how the incumbents could be beaten — precisely because how effective they are around data, buying potential competitors (Instagram, YouTube) .... but this is precisely because we don’t know what/if the next market shift is.

What happens if AI takes off? What happens if 3D printing magically becomes 100x more efficient and you can print anything you want from home?

We don’t know. It doesn’t seem like the big incumbents could be defeated, but history repeats itself.



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