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I think you're spot on. Cloning the technologies is relatively easy. But getting attention is a hard problem. As a general rule, companies rarely[0] win becaus
by SatvikBeri 13y ago
I think you're spot on. Cloning the technologies is relatively easy. But getting attention is a hard problem.
As a general rule, companies rarely[0] win because of superior technology. Rather, they win because they use their tech in a way that provides superior value to their users.
This is something all aspiring entrepreneurs should keep in mind. Nobody cares if your company uses incredibly elegant code or highly sophisticated Machine Learning/NLP/Functional Programming/whatever. All users care about is whether your product provides value. And remember that "value" is highly subjective-you may not think that Facebook is useful, but many people will disagree with you.
[0]: there are certainly exceptions. If you know that the problem you're solving has major market demand, then you can win with superior execution. Viaweb is a good example, as pg tells it they won mostly because they could roll out features much faster than their competitors.