Earlier quoted context omitted.
I'm not sure that's really an improvement. One of the nice things about Silicon Valley is that ideas that are laughed at elsewhere are taken seriously here. And a lot of the time, the people doing the laughing end up eating their words later. Remember that the search engine market was crowded and considered a commodity backwater when Google entered it; all the smart money was betting on portals. The cloud storage mar…
Except this time people are laughing because everyone else is doing it instead of what most of the rest of the world does, which is laugh at you because they think it's impossible or not worth trying because it's so risky. Apple is an exception and had a clear idea of how they were going to do things differently. If you were to come up to me and say you were starting a smart phone company without a concrete idea (and…
Google and DropBox were also laughed at because it was what a number of other companies were doing, not because what they were attempting was technologically impossible. Most outsiders had no idea that what Google was doing was technologically impossible, because, well, they heard "search engine" and thought "AltaVista".
It's the nature of innovation that you figure things out as you go along. If you have all the answers when you start, you're not innovating. And that implies that you have to start somewhere, usually where a bunch of other people are starting, and so of course things will be crowded when you're just a startup. It's all the stuff that happens in-between being an Instagram clone and going public with a wildly different product that matters.