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A 10% improvement over an incumbent means a complete takeover of the industry.
by freewilly1040 5y ago
A 10% improvement over an incumbent means a complete takeover of the industry.
- mantas 5y agoAssuming that incumbent does not improve...
- danpalmer 5y agoThese percentages are all subjective, I'm just trying to illustrate a point. I don't think it does mean a complete takeover. There are plenty of industries where being 10% cheaper doesn't mean you "win", and there are plenty where being 10% better doesn't either. In a world of perfect competition and perfect information it might, but it's well accepted that we do not live in that world.
- freewilly1040 5y agoIt's an odd argument to make in the context of Uber/Lyft, which have indeed "won" by any reasonable definition, and handsomely rewarded it's investors (which should be victims in the overhype / under deliver scenario).