Bird Cruiser via Bird

Product innovation is not enough to beat a competitor’s network effects

Wheels electric bike via TechCrunch

Product innovation does not beat network effects

The ridesharing example

The daily deals example

The social media example




Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health and Fintech sectors. Lightspeed manages $18 Billion, and has helped build 500+ companies over the past two decades.

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