3 ms·
There are some big differences between software and car companies though. Car companies required gigantic, continuing capital to manufacture their cars. Softwar
by colinmhayes 5y ago
There are some big differences between software and car companies though. Car companies required gigantic, continuing capital to manufacture their cars. Software has zero marginal cost. It seems that the difference in capital requirements once a company is up and running would allow the software industry to have more competitors.
- azinman2 5y agoYou’re assuming switching costs are the same, available labor is universal and endless, business dealings are the same, etc. It seems the most successful “competitors” are never head on for anyone entrenched, but rather come at similar problems from a different angel. Even companies who are up and running often want capital to take things to the next stage. None of that means burst of a bubble.