The first-mover $Billion company framework
If you are first to market you will win, right?
Wrong.
Have you ever heard of Microsoft’s Tablet PC?
No? They launched it back in 2001 but failed.
9 years later Apple launched the same concept called the iPad and earned over $150B.
Why?
Microsoft didn't have the technology-market fit.
A vital technology - wireless internet - didn't exist at that time.
Other examples of the first-mover technology-market fit:
1. New technology "Personal computer" -> Market requires MacOS, Windows
2. Internet -> Netscape, Internet Explorer
3. Internet became big -> Yahoo, Alta Vista, Google
4. Wireless internet -> Nokia, iPhone
5. Smartphones -> Apps
6. High-speed internet -> YouTube, Netflix
7. Mobile camera -> Instagram
8. Mobile front camera -> SnapChat, Looksery
9. Next new technology -> Your first-mover $Billion company
Source: www.matthewbarby.com
Cheers,
Charlie Patel ;)
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