You’re assuming switching costs are the same, available labor is universal and endless, business dealings are the same, etc. It seems the most successful “compe

You’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.