455 karma · joined March 14, 2019
Many of these companies were absolutely obvious, just hard to get right. "Everyone" were creating social networks at one point when Myspace was big and Facebook hadn't yet won. And music streaming after Napster, or "mobile blogging" as an Instagram predecessor, or video streaming with Flash, or ... .
Of course it was hard to get it right, but that is why you had a shot to make something with "a good brain and a keyboard". Many companies who didn't make it all the way still sold on some merit of technology. Many VC firms aren't looking for that any more, but things like marketing and sales.
https://www.mckinsey.com/industries/capital-projects-and-inf...
https://blog.gaijinpot.com/problem-with-wooden-buildings-in-...
"Where there is a will, there's a way" means that if you are motivated enough you will find a way to succeed. Which as I understood was your first point. That if billionaires creates these ventures people will be inspired and go on to succeed. That was also Musk's initial idea, that he would do this stunt of sending a plant to Mars and people would get more interested in funding and do space exploration.
"Where there is a way, there's a will" is the opposite. That if you can find a way to do something, people will want to do it. This is what SpaceX ended up doing, trying to be a part of the space industry.
In one of the videos he compares space and the Internet. That the Internet was first created by DARPA who did the ground work and that private companies commercialized and made it accessible. He suggest that space could be similar with NASA doing the ground work and private companies commercializing and making it accessible. That is why he moved the company to Los Angeles instead of the Bay Area, why they got government contracts, why they started with satellites and then cargo etc. And of course it is also luck, timing and everything else. But it was certainly also specifically because the idea wasn't to fund something to inspire or to do space tourism.
Musk started at the same time as these other private space companies, just with a different approach. Most of it is there in these 2003 videos: https://searchworks.stanford.edu/?f%5Bauthor_person_facet%5D...
I absolutely think things like loot boxes, sugar and gasoline should be regulated or taxed to decrease their potential to do damage. But at the end of the day you have to provide positive opportunities for people to do the productive thing.
Addition: I don't know why this would be objectionable. The US has built a lot of infrastructure. Europe has built a lot of infrastructure. So has China, the Middle East, Korea, Japan and whoever else. They all have different system and ways of doing things. And they all fail and fall behind when it is no longer a priority. What the problem then is, is interesting, but not really that relevant. Because the problem is you can't fix the problem. Say you would need to restructure the MTA, who is going to do that? No one because there isn't much to gain, and a lot to lose. It's the same with housing markets. There are dozens of ways you could tackle housing, but it just isn't a priority. While protecting property values and not alienating voters is. It is a social rather than a technical problem.
And bigger cities in general. But I also think people tend to underestimate changes. Small and medium sized cities have been hit hard by the recession and rising housing markets. There are increasingly no good deals to be had anymore. Unless you go to Chiang Mai or something.
Debatable if we factor in the cost of living in many places.
What people really don't get is that hyper-automation, when you barely need workers at all, isn't going to come from the West. As we soon don't have anything to automate anymore. Most people here, including most engineers, are in the service sector.