3 ms·
If you're in a growth market (or a perceived one), the impending influx of well funded competitors can wipe you out.
by hkmurakami 11y ago
If you're in a growth market (or a perceived one), the impending influx of well funded competitors can wipe you out.
- vigilant 11y agoI've seen this story before - worked for a company with very disciplined management, focusing on steady predictable growth - 25% a year, not 200% a year, but doing so profitably without VC capital. And then the venture backed competitors who didn't care about making a profit popped up... It is a vicious cycle - once a market attracts the attention of VCs, it becomes really hard not to join in.