Patrick McKenzie


21 days ago

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You can go up and down many “traditional” industries with variants of this question, and many of the answers are unicorns in waiting. Some are in plain sight.

Meter is a great example. “Why would businesses have twelve vendors and $X0k in upfront costs to wire their office with Internet when *obviously* they just want the Internet to always work and for a bill to come once a month.”

Note that “obvious” elides substantial hardware, operational, and financial challenges. (One part of the offering is a beautiful bit of financial alchemy. Not unprecedented, in fact the opposite, but nobody has yet done it well.)

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