Most people strive to be first to market but another clever approach is being intentionally *delayed* to market. You let a few companies form, validate what the demand is like, discover big gaps unsolved, and you narrowly solve a different big problem vs the most competitive one.
Few founders could time things so nicely. I bet when this is done successfully, it's usually by accident.
-
-
Paul, don't you think Apple ends up with a similar, deliberate strategy whether it be music, phones, speakers?
-
Easier for a multi-$BB profitable incumbent to deploy this strategy along new product lines. Much harder to found a new company around the strategy. Form company (funding?), then sit on idea hoping other entrants leave an unsolved niche that still proves profitable?
- Show replies
New conversation -
-
-
Truth you just see the winners. Who then back engineer the story...
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Depends on the market and industry as well. Reminds me of a quote a former executive at
@Qualcomm Dan Shrock used to repeat often - "a chip cannot be good if its late".Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
especially when a global pandemic happens to accelerate your line of business
#VRThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Except probably in the case of Apple. Always "late" to market with a more refined, polished version.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
When you listen closely to your clients, you will end up with the right timing almost always. Pretty sure is no accident when it happens.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
It reminds me the book "Outliers".
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Companies with deep pockets can play this game. Case in point
@reliancegroup They waited for the right moment. They are buying nimble startups at higher costs but that is still a steal considering his younger brother went bankrupt by being early
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Arguably this is what happened with Stripe.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.