"But the world we live in is dynamic: We can invent
new and better things. Creative monopolists give
customers more choices by adding entirely new
categories of abundance to the world."
Okay, I'll try to understand this:
I'll go back to the Al Capone "A person can get much farther with a kind word and a gun than with a kind word alone."
Well, with a VC firm an entrepreneur can get much farther with "new and better things" and traction significant and growing rapidly than with "new and better things" alone. Or, with the traction, a VC might just assume there are "new and better things" in there somewhere?
"But the world we live in is dynamic: We can invent new and better things. Creative monopolists give customers more choices by adding entirely new categories of abundance to the world."
Okay, I'll try to understand this:
I'll go back to the Al Capone "A person can get much farther with a kind word and a gun than with a kind word alone."
Well, with a VC firm an entrepreneur can get much farther with "new and better things" and traction significant and growing rapidly than with "new and better things" alone. Or, with the traction, a VC might just assume there are "new and better things" in there somewhere?