Ben Thompson: belief

Transcript context

…You need to hire a sales force, right? Well, that’s always been the accepted okay marginal cost. But you need other ones. You’ll need to do regulatory compliance. You’re going to need ongoing lobbying efforts. You’re going to need all sorts of stuff that is sticky stuff in the real world. People say, “Why hasn’t tech done much in healthcare?” Well, everyone avoids healthcare because of all the regulatory overhead, despite this massive market. I think there’s going to be a mind shift, where we need to be willing to go into those areas with massive regulatory overhead, with massive red tape, because that’s the real growth opportunity. I think being willing to fund companies that are willing to do that — they’re willing to spend like that — is going to require a mind shift in venture capital generally, and also in founders looking at opportunities. What’s the main commercial area where a truly decentralized blockchain database might actually make sense?…

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