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It's frustrating that "filling a niche and filling it well" is just anathema these days. Everyone is hustling to become a trillion dollar whatever, and burning
by adhesive_wombat 4y ago
It's frustrating that "filling a niche and filling it well" is just anathema these days. Everyone is hustling to become a trillion dollar whatever, and burning customers, money and good will in the process.
There should be nothing wrong with just bring good at what you do and not seeking endless expansion (and yes, I know, it's actually dangerous because you're vulnerable to predation in that position).
- sofixa 4y ago> It's frustrating that "filling a niche and filling it well" is just anathema these days On the contrary, a lot of (offline) companies are deciding that diversification is bad and they should divest everything outside of one core business. Be it ThyssenKrupp, Alsthom, Bombardier, GE, Phillips, take your pick. However many web companies choose to diversify. Why not? It helps them retain and gain users, and protects them against heavy hitting competitors (FAANG can copy your business model and features quite quick). E.g. take someone like Snapchat - their features were copied by competitors and they had no differentiator, so they floundered. A Telegram or Signal was little differentiation bar potential diversification, which is why both tried some crypto crap.