What’s the best way to set pricing?

Fred Wilson (Co-Founder and Partner at Union Square Ventures)
Negative Gross Margins ā€“ AVC

The bottom line is the primary way this strategy [market entry pricing] works is if you obtain a monopoly position in your market and you are the only game in town for your customers and suppliers. But given the massive amount of startup capital that is out there and the endless number of entrepreneurs starting businesses similar to each other these days, I think it will be hard for most companies to achieve monopoly position