We have never in the history of the modern economy had a trillion dollar industry that is totally unregulated
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Three mornings a week, Zuckerberg trains MMA so someone will still hit him hard enough to tell him the truth. And most interestingly, after every death pronouncement — mobile, Snapchat, politics, TikTok, the Metaverse, Llama 4 — he has somehow emerged larger.
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The best businessmen I've ever known were all great simplifiers. They had an uncanny ability to cut through the noise and find the one or two variables that really mattered — and then they just ignored everything else. Most people drown in complexity they created themselves.
Henry Singleton — Interviews with Michael Malone, as cited in William Thorndike's The Outsiders
And while startups that aren't trending in the direction of category champion have time to change course, the window to do so is generally shrinking, Edmonds says. "There is still time for evolution, but we are seeing how quickly the divergence is happening between these profiles. That window is compressing, and shortening, and will continue to do so."
Christine Edmonds