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spacebanana7 4 days ago

Particularly in tech, where the network effects and first mover advantages are so strong.

California could introduce a million dollar minimum wage for software engineers, ban electricity on Thursdays, raise corporate taxes to 60% and still probably have more new unicorns founded in the subsequent year than Europe.

mavelikara 3 days ago | parent | next [-]

Subsequent year, probably. In later years, no. Massachusetts is case study on this.

cowsandmilk 3 days ago | parent [-]

What happened in Massachusetts?

anon7725 3 days ago | parent [-]

Seems like the point is what’s not happening there

infinite8s 4 days ago | parent | prev [-]

Don't be so sure of that. Network effects are still subject to tipping points.