Re:No evidence that chance meetings in office boosts innovation
by luffapi on Thursday June 24, 2021 @01:22PM
(#27620875)
Netflix and Amazon clearly have first mover advantage. As does Apple with the iPhone, Google with Maps…
Network effects are all over the place, mainly FB and Google.
> Success involves building successful processes that encourage innovation.
For the most part, large companies “innovate” via acquisition.
Re:No evidence that chance meetings in office boosts innovation
by astrange on Thursday June 24, 2021 @02:33PM
(#27621962)
> Netflix and Amazon clearly have first mover advantage. As does Apple with the iPhone, Google with Maps…
The Hiptop/Sidekick and Palm Pilots were already popular long before the iPhone came out. They just weren't nearly as good and the companies couldn't overcome the carriers' poor business plans.
Zero of the FAANG companies had a first mover advantage.
* Facebook replaced MySpace within the course of like a year. Today TikTok and other things threaten them.
* Apple... well... it was for a long time a huge underdog.
* Amazon... born in the dot com era. At the time lots of people thought the company was gonna implode any day. It took like a decade before they even remotely generated something other than a loss.
* Netflix... was DVD's, competed against brick & mortor and companies like Kozmo. Today it competes with media companies offering their own streaming service.
* Google... plenty of search engines came before google.
Not sure how any of these companies became successful because of regulatory capture, network effects or even literal monopolies. None of these companies could be successful in the long haul if their products sucked. Building non-sucky products involves a hell of a lot more than just developers sitting at home writing code 24/7. Success involves building successful processes that encourage innovation.