Strangling Innovation: Tesla versus “Rent Seekers”
Steve Blank
JUNE 24, 2013
These opponents have their own name – “rent seekers” – the landlords of the status-quo. The banks lobbied regulators in Louisiana , New York , California, and Idaho and soon they were issuing injunctions forcing PayPal to delay their IPO. i.e. revenue/profit sharing, two-tier hiring, etc. Cut deals with the rent seekers.
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