And those that were building were basically doing research, not refining a product that had achieved product market fit. The gp makes it sound like they were manufacturing widgets. The existence of others in the market is better described as “other people were also able to attract funding for the potential payoffs in that field.”

It demands that google’s mopnshots need to be something no other investor has considered.

The same comment translated to 1965 — “The US is trying to get to the moon? Well Russia is trying too. So I’d hardly call it a “moonshot” “

(Edited to change typo of “potential layoffs” to “potential payoffs”, possibly more fitting though)