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.