Thiel’s point is on the extreme end if you have hyper-competition, firms will have no money leftover to invest in moonshots (self driving cars, cloud computing, etc. ) instead they focus on pure survival.
I don’t see how a company that’s in a life or death struggle could pour hundreds of millions/billions of dollars into R&D but perhaps I’m missing something
I don’t see how a company that’s in a life or death struggle could pour hundreds of millions/billions of dollars into R&D but perhaps I’m missing something