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My slogan about startups:

> Startups don't create new technology, they create new technology-dependent business models.

I wouldn't say this is 100% true, but it is probably 95% true.

That is debatable. If you are going from 0 to 1, a lot of times new technology is created. It may not be something revolutionary and ubiquitous like the internet or the wheel, but it may be some form of vertical integration, such as Tesla Cars or the iPhone.

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