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Because it's not about the idea-the idea can (and probably is) shared by multiple companies. Ideas are easy. If you don't execute well AND fast, others will a
by misterbwong 11y ago
Because it's not about the idea-the idea can (and probably is) shared by multiple companies. Ideas are easy. If you don't execute well AND fast, others will and they will win. This is especially important in startups that require network effects to survive (think social, uber, etc). If you don't build the lead first, others will, and their lead will grow by virtue of being in the lead (and not screwing up).
- branchless 11y agoI think a lot of these first to market social things just aren't going to get far. For me Uber is just a messy regulation dodge. Twitter makes no money. They just seem to be trying to establish a monopoly whilst making a loss and then using the (perceived) lock-in to try and monetize before dying in flames. Where is this tight loop of venture capital funding first to market on services that are easily replicable taking society? My guess is nowhere.