4 ms·

> "Competition is for losers" - Thiel. This quote is great but is not a call for building inefficient businesses. An inefficient business invites competition (

• palata 2y ago
  > An inefficient business invites competition (which is for losers) Unless you reach the point where you have a monopoly and it's impossible to compete. At this point, you can become inefficient and still keep your monopoly. For a very long time, at least. And this is something we observe in software.
  • creer 2y ago
    Yeah and that's mostly nonsense (but expedient). It's hard to compete with any large industry and still their inefficiency is your opportunity. See also Uber and friends against taxis (both impossible and illegal), SpaceX against Team USA (preposterous), everyone else against AOL (okay, that one was easy), Oracle (who?)... For one example, it's hard to compete against Google's core businesses but it's not like most here wouldn't be glad to find alternatives, any alternatives... Wait, alternative to what? The browser has clear dominance but that's not even Google's core business. Youtube is pretty dominant - but even then Facebook and Tik-tok beg to differ. I'm not saying that "competition is for losers" is wrong. It's an excellent objective, to carve yourself a (large, comfortable) niche where you are the no-brainer solution. But it's no license to fall asleep.