Thirdly, startups are not a good comparison point, as they operate under a ridiculous business model that will collapse at some point: Offer a complementary service, accrue an assload of debt, and then sell to a large tech firm before your investment capital runs dry. Very few startups offer a robust enough service to stand on their own in the long run (Uber, Dropbox, et al). The goal of the average startup is to be bought out, not stand on their own. Which makes any comparison to a standard business model a little inaccurate.