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These are some good points, but it doesn't seem to mention a big way in which startups disrupt incumbents, which is that they frame the problem a different way,
by habitue 3y ago
These are some good points, but it doesn't seem to mention a big way in which startups disrupt incumbents, which is that they frame the problem a different way, and they don't need to protect existing revenue streams.
So, the Shirky principle: incumbent companies are dedicated to keeping around the problems that they solve. Startups get to define the problem differently, and can solve a problem that an incumbent is dependent on.
- cm277 3y agoOr put another way, this wave may not be technology-based disruption but business-model based disruption. For example, if LLMs enable subscription or service-based models that deliver more value than ad-based/aggregator based ones, a nimble enough disruptor may surface. Probably too early to tell.