Software Mittelstand and Software Keiretsu

Plus! Dropbox as the Everywhere Layer, Vaccines, Platforms as Legislators, Huawei, more...

Every business naturally grows until it can’t earn its cost of capital, but the distribution of business sizes varies more than you’d expect if they followed a natural law. As it turns out, the distribution of company sizes is partly a policy decision. In some countries, governments prefer a few huge companies, which give them another avenue for en…

This post is for paying subscribers