$200 a day is not that bad. probably more than the majority of companies?
1,760 karma · joined April 6, 2017
I’m obviously biased. But my point is that the guy that wrote the linked article had preexisting biases too.
Google has had decades to accumulate intellectual and physical capital. Catching up quickly means spending >500 billion. If you can actually dethrone Google (admittedly not an easy task) then it will have been worth it. If not, I suppose it's wasted investment.
Now what happens when three or four startups vie for this opportunity at once? Well that's how you get $2 trillion in captial investments per year.