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I think the real topic here is that most people are doing it for the money, not because they want to build a marginally better Twitter, Facebook, Youtube, etc..
by codexon 17y ago
I think the real topic here is that most people are doing it for the money, not because they want to build a marginally better Twitter, Facebook, Youtube, etc...
You can use this do-it-yourself argument in every sector of the industry. But it all comes down to the amount of reward per effort.
Do you want to be the first in a store on Black Friday or the last? Do you want to be the first in a gold rush or the last? As the amount of competitors increase, your profit will decrease.
From an economic perspective, a monopoly is usually more lucrative. If you feel there's enough money in a crowded sector and think you can carve out a niche or shake the industry, then it becomes economically viable. I think this is a more realistic outtake than the author's "just-do-it" message.
- jimbokun 17y ago"Do you want to be the first in a store on Black Friday or the last? Do you want to be the first in a gold rush or the last?" For business, being the second to do something is often a nice position to be in. Google was not the first search engine. iPod was not the first digital music player. Microsoft was never first at anything, as far as I can remember. Of course, once the market has a clear Google, iPod, or Word, probably time to try a different idea. But a product category with no clear leader can be a great market to enter.