Five More Thoughts On The Most Important Thing In Tech — FAMGA

Hanging With Michael Steinhardt
  1. The most valuable companies in the U.S. are increasingly tech companies.
  2. The concentration of value (as denoted by market cap) being created in tech, is increasingly being created by the five largest companies, Facebook, Apple, Microsoft, Google and Amazon (aka FAMGA)
  3. The concentration of market cap in just five hands will have an increasingly profound negative impact on innovation and it will increase wealth concentration (which is a major problem in the world today).

1. Facebook and the Cost of Monopoly

2. Why We’re Entering an Enterprise Tech Arms Race

3. The Firm of the Future

4. Why Facebook Keeps Beating Every Rival: It’s the Network, of Course

5. 2017 YC Annual Letter

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