Competitive Enterprise Institute | 1899 L ST NW Floor 12, Washington, DC 20036 | Phone: 202-331-1010 | Fax: 202-331-0640
When Bill Gates and Paul Allen founded Microsoft in 1975, they shot for the stars and succeeded.
More recently, Allen shot for the starts again. The two successful launches of his SpaceShipOne won the $10 million Ansari X competition for private manned space flights.
The success of these enterprises obviously depended on such factors as genius, guts, and foresight. It also depended on the less obvious absence of something - government regulation.