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> tech products tend to be natural monopolies

Based on what evidence? Isn't the simpler explanation "VC wants big return; VC funds tech; therefore VC encourages monopolies"?

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Network effects are just so strong. Once a particular option has ingrained itself for a particular use-case they can make it extremely difficult for any alternative to become viable even if it's technologically superior. Just look at Windows vs Linux.

Network effects are huge. Also consider the velocity of tech. A superior product can dominate the market in 10 years or less, where other industries take decades or more and first movers don’t get as far ahead.

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