Jared Friedman on X: "Some of the best startup ideas live in a grey area of legality. Airbnb, Uber, Lyft, YouTube, Coinbase were all somewhere between questionable and flat-out illegal in their early days. One reason for this is that incumbents cannot take any legal risk on a new initiative. Even if…" / X
To view keyboard shortcuts, press question mark View keyboard shortcuts Messages Home Explore Notifications Messages Grok Lists Bookmarks Communities Premium Profile More Post Chris Chen @avocadodip Post See new posts Conversation Jared Friedman @snowmaker Some of the best startup ideas live in a grey area of legality. Airbnb, Uber, Lyft, YouTube, Coinbase were all somewhere between questionable and flat-out illegal in their early days. One reason for this is that incumbents cannot take any legal risk on a new initiative. Even if Google execs saw Uber and thought "that seems promising", there was no way they could launch a competitor because they would face unlimited liability that could destroy all of Google. So a startup taking legal risk will be invulnerable to competition from big companies for a long time. 12:07 AM · Aug 28, 2023 · 2M Views 221 712 4.9K 1.6K Post your reply Reply Jared Friedman @snowmaker · Aug 28, 2023 I should add that all the companies that I can think of
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