Strangling Innovation: Tesla versus “Rent Seekers”
Steve Blank
JUNE 24, 2013
The banks lobbied regulators in Louisiana , New York , California, and Idaho and soon they were issuing injunctions forcing PayPal to delay their IPO. When you get customer scale and raise a large financing round , take the battle to the incumbents. i.e. revenue/profit sharing, two-tier hiring, etc. Lessons Learned.
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