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If you need to remind yourself that you need to “respect the competition”, you’re probably a monopoly.
by jpxw 6y ago
If you need to remind yourself that you need to “respect the competition”, you’re probably a monopoly.
- jmole 6y agoi disagree - to me, "respect the competition" means don't grow complacent. ebay, for example, doesn't respect the competition (and has grown correspondingly complacent), and it's why sites like reverb are popping up and serving niches far better than ebay does.
- danans 6y agoI think it's about cultivating a healthier mindset about why you develop products, in particular avoiding the trap of zero sum, win/lose thinking.