Tech is Characterized by Power – Law. Lots of Output, Very Few Winners

There’s 200,000 new apps that come out each month, but very few will be successful.

There’s 8-10 genetic marker tests that come out each day, very few if any are decipherable/can be tied to as an indicator of disease. There’s ~60k genetic tests on the market.

3000 types of steel exist, and 80% of them were invented in the last 20 years. A small minority of them make up the majority of usage.

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