Great post by @elad http://blog.eladgil.com/2022/10/ai-startup-vs-incumbent-value.html https://i.imgur.com/Oirz5FI.jpg

🇧🇷🇺🇸-  Book: Making Things Think: https://holloway.com/mtt. Investor in Wander, Carry, Footprint, Merkle Manufactory (Farcaster), Dynamic, Paragraph.

The rewind.ai announcement today reminded of @elad's post and hoe this wave may be different! Really cool use case and product innovation around using these new tools! Can't wait to see new products entering the market! Very exciting!  https://i.imgur.com/zNQqOXX.jpg

And great analogy https://i.imgur.com/SNTz9Wx.jpg

perl.xyz is your onchain social arcade, powered by $DEGEN. Join the discussion at /perl

but i mean if you break it down by individual stock holders most of the value went to incumbents with crypto as well. not that it didn't mint a lot of wealthy people but just saying even though I got in early my friends at places like VISA made a lot more than me just by having more powder.