> Think about bio-tech, energy, nanotech, lasers, (space) flight, AI, etc.
I'm not sure. I tend to assume the market is efficient and I found that far more often than not, the assumption proves correct. I don't know very much about most of the fields you mentioned, but think of space flight -- multiple space flight companies were founded around the same time as SpaceX (including John Carmack's now defunct space company, Virgin Galactic, Orbital Sciences, Blue Origin, Planetary Resources, and probably many others I'm missing).
I think that as a rule of thumb, the startup market is much more efficient than it originally seems, even in very deeply technical, capital intensive fields.
I don't think this is true at all which is why you have more startups. Also you can have multiple startups doing the same thing across say different geographies.
I'm not sure. I tend to assume the market is efficient and I found that far more often than not, the assumption proves correct. I don't know very much about most of the fields you mentioned, but think of space flight -- multiple space flight companies were founded around the same time as SpaceX (including John Carmack's now defunct space company, Virgin Galactic, Orbital Sciences, Blue Origin, Planetary Resources, and probably many others I'm missing).
I think that as a rule of thumb, the startup market is much more efficient than it originally seems, even in very deeply technical, capital intensive fields.