Index Companies - by Elad Gil - Elad Blog
Sometimes there are markets that are clearly going to grow massively over time. For example, ecommerce, genomics, crypto are all markets which were clearly going to compound over time. It might have been tough to call the winners of each market early, but it was clear the markets themselves would grow a lot.
Sometimes there are markets that are clearly going to grow massively over time. For example, ecommerce, genomics, crypto are all markets which were clearly going to compound over time. It might have been tough to call the winners of each market early, but it was clear the markets themselves would grow a lot. One lens through which to view companies is to ask "what companies are an index of their underlying market"? Index companies often take a cut of every transaction in their space, or are a piece of infrastructure everyone in the market needs. For example, it is a hard to launch…
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