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From $900 Million to Zero: When Is Too Much Simply Not Enough?
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We live in what has been termed the friction-free economy—where labor, information and money move around easily, cheaply and almost instantly

Overhead is at its lowest Uber is the world’s largest car service but doesn’t own cars Facebook is now a monolith of news content yet employs not a single journalist Innovative high-tech culture disrupts the twentieth-century brick-and-mortar business at every street corner

The year 2016 saw $41 billion raised in venture capital, a record So, if overhead is so low, why are billions being poured into these companies? One reason is the frantic need to be first If you

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