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The term bottom feeder refers to going after the "leftovers" that premium market leaders leave on the table: lower-paying, more demanding (e.g., requires open s
by lmeyerov 8y ago
The term bottom feeder refers to going after the "leftovers" that premium market leaders leave on the table: lower-paying, more demanding (e.g., requires open source), higher acquisition cost (closeted international markets), etc. Good B2B companies often raise prices as they deliver more value and build brand trust, and as they establish the market, bottom feeders will pop up and spot the missing chunks. However, they are forced to play catchup in terms of features and with less $ (or a LOT of VC $). Says nothing about being nice, smart, and high quality, just the market & financial pressures.
No label is ever 100% accurate, but a lot of that dynamic has played out here pretty clearly..