Just found your stuff today and I've been having a great time reading all of it. Thank you!

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Oct 23, 2022Liked by Philo

Good stuff as usual, i read every one of your articles, keep up the good work.

One recommendation i have is would you consider incorporating more Chinese company analysis or as examples in your articles? For instance, when discussing ridehailing, DIDI may worth looking into in comparison to Uber and lyft, and for subsidies, all major chinese Internet platform practice subsidies in one form or another (BABA, meituan, PDD, etc), or for high speed rail, China now has the longest high speed rail network in the world and there are several listed operators. Would be nice to have an idea how the Chinese counterparts compare to global peers.

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Oct 22, 2022Liked by Philo

very interesting. thank you.

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Oct 30, 2022·edited Oct 30, 2022

To start a company an idea is needed. Imagining an idea is partly separate from turning it into a reality. Most say that doing the work is the hard part while ideas are plentiful. But, what if this is simply wrong?

I feel that that there is a possible connection between your text and this notion. A lot of money is invested into the "doing" part, with startup accelerators being the leaders. Let me paraphrase.

Now you may ask, which is more likely:

A startup went from 0% to ~90% market share because it was a "great" rather than just a "good" idea;

A startup went from 0% to ~90% market share because startup accelerators are subsidizing X% of the total cost of the "doing" part.

Perhaps the subsidies are far too small to possibly explain how a startup captured 90% of the market in a short period of time, and so we have to conclude the startup dominates the market because it has a superior idea.

I wish to discuss and maybe even write about this idea with you.

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