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Anyone building a technology business should be aware of the risks to that business. Don't waste your time creating something that will ultimately be eroded by
by realtalk_sp 7y ago
Anyone building a technology business should be aware of the risks to that business. Don't waste your time creating something that will ultimately be eroded by competitive forces.
The 'Zero To One' chapter on monopoly should be required reading for entrepreneurship. I guess the problem is some people will still indulge in mental gymnastics and find a way to convince themselves they have a monopoly. My favorite example is this gem from back in the day: https://i0.wp.com/25iq.com/wp-content/uploads/2016/10/uber-napkin.jpg?resize=600%2C600&ssl=1 https://i0.wp.com/25iq.com/wp-content/uploads/2016/10/uber-n....
- james-imitative 7y agoNot replying to you per se, but: also, don't waste your time creating something that won't be eroded by competitive forces. That's not you, that's me.