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by t_mann
1370 days ago
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Wouldn't Hotelling's law just predict that wannabe-SVs would try to copy every aspect of the original SV? I don't see how that alone explains their failure. I'd attribute the difficulty of creating the next SV partially to capital/talent concentration being a coordination game (https://en.wikipedia.org/wiki/Coordination_game) - for any individual small developer, entrepreneur or investor, it makes sense to go where they have the best chances to thrive. |
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