> there's a reason that Silicon Valley venture capital goes to software engineering (where regulations have generally been lower) while significant disruption in the automotive space is coming from incumbents and one company founded by a guy with a net worth of $18 billion.
Maybe it's because the auto industry is far more capital-intensive than software. I don't see anyone taking on incumbents in capital-intensive IT businesses, such as cloud services (do you want to compete with Google, Amazon, and Microsoft with your VC money?), or in software, operating systems in entrenched markets (desktop and smartphone).
Maybe it's because the auto industry is far more capital-intensive than software. I don't see anyone taking on incumbents in capital-intensive IT businesses, such as cloud services (do you want to compete with Google, Amazon, and Microsoft with your VC money?), or in software, operating systems in entrenched markets (desktop and smartphone).