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There are a ton of successful companies that don't fit any of the criteria (Facebook, Nike, McDonald's, etc) In fact I have to think hard to come up with compan
by paraschopra 16y ago
There are a ton of successful companies that don't fit any of the criteria (Facebook, Nike, McDonald's, etc) In fact I have to think hard to come up with companies that may have had unfair advantages.
So, while unfair advantages may work in your favor. Not having them (yet being successful) may actually be a norm.
- chc 16y agoZuckerberg was a college student when he developed The Facebook, so he at least had the insider advantage over his competition at the time (Myspace, Friendster, Orkut). This also ties into the fact that his product was a lot more narrowly focused, which leads to the "single-mindedness" advantage and was absolutely crucial to Facebook's success. I don't know enough about the history of Nike or McDonald's to comment there.