If you're small, you're in a position where it's to your advantage to be weird—you can have a point of view that the big tech companies never could. In the world of chairs—you're not going to build a cheaper chair than Ikea. Why not build something they couldn't—like a more interesting one?
Distribution — arguably the most important driver of failure or success in the fast-growing digital health domain — was historically a very steep hill to climb. Some of that was simply due to the overall immaturity of the market and its inability (or resistance) to absorb and pay for novel, technology-based products that didn’t slot easily into exi... See more
Last year I had dinner with a financial advisor who has a client that gets angry when hearing about portfolio returns or benchmarks. None of that matters to the client; All he cares about is whether he has enough money to keep traveling with his wife. That’s his sole benchmark... “Everyone else can stress out about outperforming each other,” he say... See more
No decision is made entirely rationally. Emotional disposition towards brand can give an advantage even when the product is out-featured or out-priced by competitors. Become more dependent on emotional ties.
It is, in other words, a credential that is particularly vulnerable to the coronavirus. During the last recession, millions of Americans decided to go back to college for an advanced degree. Business schools face a tougher test: How do you build a social network in the time of social distancing?
"Facebook did not actually build all the pieces necessary to make it possible for you to post to their app. Instead, they use free, public code, made available on the Internet by volunteers for anybody to use."