Tag: chicken and egg
Startups often believe that technical aspects of the product provide competitive advantages and that two products with similar technical aspects have little scope for differentiation. Hence, it is believed that a late mover with similar technology cannot get traction and that the early mover has a significant advantage. However, as we shall demonstrate with the [...]
Groupon solved the critical mass problem by lowering critical mass in a model which was very easy to seed but very difficult to scale. As a result, Groupon clones startup and die early deaths around us every day.