3 ms·

On the contrary, I think the internet being bigger means the prize for being #2, 3, etc is great too. Very few markets are actually winner takes all.

leetrout 4y ago
Yep! And the second / late mover advantage. For any that are unfamiliar: https://insight.kellogg.northwestern.edu/article/the_second_mover_advantage https://insight.kellogg.northwestern.edu/article/the_second_...
- hackernewds 4y ago
  Jack Dorsey often says. You don't need to be first to market. You just need to be best to market. Demonstrated through Twitter, and now Cashapp
  - NegativeK 4y ago
    I'm reminded of the scene in Margin Call[1]: "There are three ways to make a living in this business: be first, be smarter, or cheat." [1] https://www.youtube.com/watch?v=Hhy7JUinlu0#t=6m22s https://www.youtube.com/watch?v=Hhy7JUinlu0#t=6m22s
    - Eisenstein 4y ago
      That line was specifically about financial markets, not products.
      - hef19898 4y ago
        In my opinion, this line is valid for business in general.
coffeebeqn 4y ago
Also people thinking that Google and Meta won’t be looked at like Oracle and IBM in 10-20 years are probably way too confident in the status quo
- somsak2 4y ago
  Microsoft was founded before oracle and is among the top 5 largest tech co's. IBM and oracle may not be as big as they used to but they're still huge. oracle in particular is at a near all time high.
  - rrrrrrrrrrrryan 4y ago
    It's funny to see how people on this site so vastly overvalue organic growth and undervalue inorganic growth. (It makes sense given the target audience, obviously.) You can absolutely grow a company by all metrics (revenue, income, market share, market cap) just by having a bunch of MBAs that make well-negotiated acquisitions. It's basically all IBM and Oracle do these days: buy up smaller B2B software, integrate it into their portfolio as a new product or a feature for an existing one, then sell the hell out of it to their existing customer base.
    - coffeebeqn 4y ago
      They do seem to have shrewd b2b sales but my point was that at one point people actively wanted to work there and were excited about their new releases. They were the biggest company in the SP500 in 1981-1988

leetrout 4y ago

Yep! And the second / late mover advantage. For any that are unfamiliar: https://insight.kellogg.northwestern.edu/article/the_second_mover_advantage https://insight.kellogg.northwestern.edu/article/the_second_...

hackernewds 4y ago
Jack Dorsey often says. You don't need to be first to market. You just need to be best to market. Demonstrated through Twitter, and now Cashapp
- NegativeK 4y ago
  I'm reminded of the scene in Margin Call[1]: "There are three ways to make a living in this business: be first, be smarter, or cheat." [1] https://www.youtube.com/watch?v=Hhy7JUinlu0#t=6m22s https://www.youtube.com/watch?v=Hhy7JUinlu0#t=6m22s
  - Eisenstein 4y ago
    That line was specifically about financial markets, not products.
    - hef19898 4y ago
      In my opinion, this line is valid for business in general.

coffeebeqn 4y ago

Also people thinking that Google and Meta won’t be looked at like Oracle and IBM in 10-20 years are probably way too confident in the status quo

somsak2 4y ago
Microsoft was founded before oracle and is among the top 5 largest tech co's. IBM and oracle may not be as big as they used to but they're still huge. oracle in particular is at a near all time high.
- rrrrrrrrrrrryan 4y ago
  It's funny to see how people on this site so vastly overvalue organic growth and undervalue inorganic growth. (It makes sense given the target audience, obviously.) You can absolutely grow a company by all metrics (revenue, income, market share, market cap) just by having a bunch of MBAs that make well-negotiated acquisitions. It's basically all IBM and Oracle do these days: buy up smaller B2B software, integrate it into their portfolio as a new product or a feature for an existing one, then sell the hell out of it to their existing customer base.
  - coffeebeqn 4y ago
    They do seem to have shrewd b2b sales but my point was that at one point people actively wanted to work there and were excited about their new releases. They were the biggest company in the SP500 in 1981-1988