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Somehow related to your concept of "diffraction" is this article:

https://nbt.substack.com/p/agglomerators-vs-specialists

Agglomerators vs. Specialists

The great battle of the venture capital industry.

"The competition to make the best investments is between the agglomerators and the specialists, and also amongst firms within each category.

This essay offers 10 implications for the future of the venture capital industry that result from this battle."

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