In Silicon Valley Now, It’s Almost Always Winner Takes All

In September, 2014, after investing in a ride-sharing company called Sidecar, Richard Branson declared that it was “early days and, like a lot of other commodity businesses, there is room for innovators on great customer experiences.” He added that he was not putting his money into a “winner-takes-all market.” Lots of ride-sharing companies, he was arguing, would survive and thrive. Yesterday, though, a mere fifteen months later, Sidecar’s co-founder and chief...
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