[1290cc]

Chamath Palihapitiya talked about this problem in an interview from 2018. Many tech startups spend 0.40c of every VC dollar with FB/Google/Amazon.

Here is the original interview: https://www.youtube.com/watch?v=RwRZtZQoLtQ

[xamuel]

Ironic considering most tech startups' exit plan is essentially to be acquired by FB/Google/Amazon. They are de facto R&D branches for FB/Google/Amazon with all the attendant risk and none of the benefits.