Even the Smartest VCs Sometimes Get it Wrong – Bill Gurley and Regulated Markets
Steve Blank
NOVEMBER 7, 2023
In a regulated market, the government controls how products and services are allowed to enter the market, what prices may be charged, what features the product/service must have, safety of the product, environmental regulations, labor laws, domestic/foreign content, etc. In the U.S. But startups? telephone service.
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