3 ms·
What you're describing reminds me of survivor bias - https://en.wikipedia.org/wiki/Survivorship_bias https://en.wikipedia.org/wiki/Survivorship_bias
by pawelwentpawel 10y ago
What you're describing reminds me of survivor bias - https://en.wikipedia.org/wiki/Survivorship_bias https://en.wikipedia.org/wiki/Survivorship_bias
- rjbwork 10y agoThat's pretty much what any successful business story is. It's not like a market springs up, and the eventual dominators of that market immediately own it. There is lots of competition and failed ventures and aquisitions etc. Then we hear about the literal survivors that dominate in the end. Few gamers of today recall VooDoo or SGI, for instance. And most consumers have no idea what a Tandy is (was?).
- taneq 10y agoOh man, you mention Tandy. Dick Smith (which was basically Tandy in Australia) finally went tits up a couple of months ago. They'd been bought out by some mob that wanted them to be the next Harvey Norman, and the pivot did not go well. Happily Altronics and Jaycar seem to have picked up the slack between them and we still have someone to turn when we want to buy misc. parts.
- rjbwork 10y agoThanks for this, was interesting to read about all the Dick Smith clones of American computers back in the day.
- taneq 10y agoPrecisely. It's a perfect example of survivor bias.