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such an important insight, that the investors were the ones pressuring him to structure it in this way.
by Gabriel_Martin 7y ago
such an important insight, that the investors were the ones pressuring him to structure it in this way.
- mmazing 7y agoTrue, but not blameless - he was the one to attempt to execute the plan that way.
- rmason 7y agoBack in that time everyone placed an over importance on being first and then locking up the market quickly. Sometimes like maybe Uber that's important. Reid Hoffman is still a proponent of this tactic with what he calls blitzscaling. Course nowadays he's a VC ;<). But as Google demonstrated you can enter after the market is mature with both a better product as well as a better business model and dominate.
- robocat 7y ago> But as Google demonstrated you can enter after the market is mature [] and dominate. I don't think Google (founded 20 years ago) is a good example of entering a mature market. I think a better example is Facebook (founded 15 years ago) which won against MySpace. I thought Salesforce (founded 20 years ago) should be a good example, but their market cap is still well below SAP's.
- davidjnelson 7y agoSearch was “mature” and “solved” prior to google. Altavista, webcrawler, infoseek, etc. Obviously it wasn’t actually solved ;-)
- ethbro 7y ago> I thought Salesforce (founded 20 years ago) should be a good example, but their market cap is still well below SAP's. Wouldn't chalk that up as a counter example. Just on how slow Enterprise migrations are.
- ethbro 7y agoIt wasn't an obviously wrong call. At a time when a sock puppet attracted millions in VC, it wasn't unreasonable to worry about better capitalized competitors overtaking you.