I was having a conversation with an aspiring entrepreneur recently who came to me for advice on honing his pitch to raise money. His app had some decent traction developing, but he had a very narrow focus on what he considered to be…
Back when I was wasting my time in college, I took a business class. In this business class, we learned about the First Mover Advantage, the idea that the first player to enter a market has some sort of implicit advantage over players who join the market later.
I don’t need to tell you how important competition is, but I will. It’s very important. It’s perhaps the single most important, creative force of our time, shaping the very nature of our everyday lives.
Competition is what drives businesses to innovate and what has made capitalism the driving economic force in the world for the past 300 or so years. It is through competition that capitalism functions. It is the complacency…
