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I don't think you can really pay much attention to potential competitors. It's common to have competitors but rare to have good ones. And so, yeah, a lot of com
by tonystubblebine 6y ago
I don't think you can really pay much attention to potential competitors. It's common to have competitors but rare to have good ones. And so, yeah, a lot of companies have deep pockets, but also that works against them in a particular way. The line of business that's making most of the money is also getting most of the good talent and leadership.
- derefr 6y agoI think the GP's point is that some business models are predicated on having no competition, where even bad competitors will beat you if they just have deep-enough pockets to outlast you. Compare and contrast: individuals suing large corporations. Even if the individual is in the right (i.e. has the "competitive advantage"), the corporation will still often "win" because it can just afford to keep delaying the trial longer and longer, until you run out of funds to keep the suit going. Or, to put that another way: you can't run a siege without a supply train. The city will always have more food than your army brought with it. Unless more capital is flowing in to match the rate of replacement, they're eventually going to win.