Figured in example sentence
What happened after the Internet was the cost of innovation went down so much because the cost of collaboration, the cost of distribution, the cost of communication, and Moore's Law made it so that the cost of trying a new thing became nearly zero, and so you would have Google, Facebook, Yahoo, students that didn't have permission — permissionless innovation — didn't have permission, didn't have PowerPoints, they just built the thing, then they raised the money, and then they sort of figured out a business plan and maybe later on they hired some MBAs.