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Zoom, Shopify and Stripe are three fun examples of companies that were obviously impossible because the 'tech giants can easily expand into new areas and squash competition'. And Zoom wasn't even doing anything 'new'. Combined value of $123bn.
(If you want to go back a little further, Facebook is an example of something that Google should have been able to squash, if you really fall for the fallacy that these companies 'easily expand into new areas'. Google had all the data!)
To be clear, there certainly are areas where a big incumbent is very strong and you need a really good theory for how you could compete with them. Don’t compete with Google at being ‘Google’. But being ‘Google’ is actually much narrower than people sometimes think.
‘X is impossible!’
me: well now, here are some examples of x
you: ‘survivor bias!’
me: 
I wonder if there are some indicators showing which companies will survive clash with tech giants. Some, like foursquare, struggled and barely survived. It is also a question of the timeframe we look at.
Foursquare‘s competition is Yelp, not Google.
#1 worst question for a VC to ask a founder: “what is preventing XYZ big co in your space from doing this too?” Maybe something. Maybe nothing. But they aren’t + have made NO implication that they will so either invest in helping me be first to market or stop wasting my time
If you just ask it to any random company doing software then it’s a terrible question, yes, but there is certainly a class of business where it’s probably the most important question in the meeting and you need to have a really good answer
Why do you think Zoom did well, compared to its competitors?
Not being sarcastic, have you used it?
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