> If your business model does rely on new technology (examples: airlines in the early 20th century, railroads in the early days of the steam engine, e-commerce in the early 2000s) then you have to work out a way to deliver on bleeding-edge technology.

Also, if your business model does rely on new bleeding edge tech, avoid all other bleeding edge tech. Pick one thing that nobody else can do, and do that. Don't try and create everything at once unless you have ridiculously deep pockets.