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Every industry, when it gets started, has very modest capital requirements. You used to be able to start a computer company for $1 million. You can start a disk drive company for less than $1 million. It's as the industry or market matures that you need more and more capital to gain an
advantage.
Andy Rachleff
New Industries Have Modest Capital Requirements
Building Wealthfront and Benchmark Capital - Andy Rachleff
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