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if you're building a business which a large company can just come in and copy by throwing money at it, then you're doing it wrong. You should either have a pla
by cocktailpeanuts 6y ago
if you're building a business which a large company can just come in and copy by throwing money at it, then you're doing it wrong.
You should either have a plan or try hard to come up with one to prevent that situation, or avoid that market altogether. This is business 101 and is the most frequently asked question when you pitch a VC: "What will you do when Google copies you?"
- tarr11 6y agoTiktok is worth about 50 billion dollars. Hard to argue that’s “doing it wrong”
- cocktailpeanuts 6y agoThe valuation has nothing to do with "doing it right", especially when it's not even a public company. Also, TikTok won't just die because of Instagram. Instagram failed so many times with their copycat products. Which is exactly my point. The product will win if a large company can't win simply by throwing money at it.