This is very interesting reasoning. Especially because I end up in a lot of conversations on the flip side of this: government client saying they’d ‘like to use alternatives to big tech’ but ‘can’t’ because none are visible to them. Also my sense of public procurement procedures is that they are currently incapable of detecting such options and lifting them to the front.
Looking at this way of investing, also means public institutions will more easily stay out of conflicts with e.g. market regulations.
Khürt Williams mentioned this read on islandinthenet.com.
Ton Zijlstra mentioned this read on zylstra.org.