“It’s horrible how mismanaged most Silicon Valley companies are in capital.
Microsoft always wanted to have a lot of cash on hand. Apple had no cash 15 years ago in 2000. Who did the most innovation? The cash does not help. The cash insolates you in a bad way. It’s a bad thing that companies store cash.”
Tesla is not a disruptor, but then again, neither is Apple, the closest comparison: both succeed by building a brand around being the best.
The 2016 Stratechery Year in Review, December 25, 2016 at 06:17PM