Why startups exist at all is partly a mystery explained by large institutions being too politically screwed up to execute, making startups a solution to institutional dysfunction rather than technological necessity
causalpending
Speaker
Peter ThielEvidence Quote
“The answer why you have startups at all is because large existing institutions are too screwed up politically—both governmental institutions and large corporations—to actually execute. Despite having more resources and money, banks couldn't do what PayPal did”
Created: 8/13/2026, 9:55:39 AM
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