The press writes about startups as if there were already too many of them. But there's internal evidence showing how far from saturated this domain is: the time between when an idea becomes possible, and when it's realized. This can still sometimes be years.

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It's a rough combination when people are simultaneously overreaching and uninformed. They want the best of everything, but they don't know what the best is, so their demands are simultaneously strident and random, like a set of vectors with large magnitudes and random directions.

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