Software is an exception to the historical pattern—unlike clean tech, aviation, and industrial manufacturing, software companies have achieved y>0% value capture, making it one of the very few innovation domains where inventors captured meaningful value

factualpending

Speaker

Peter Thiel

Evidence Quote

Software is one of the very few categories where the inventors captured value, where y > 0%

Source

Reid Hoffman & Peter Thiel The Future of RevolutionsWorth Media
Created: 8/13/2026, 9:55:39 AM

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