"First mover advantage is a myth," Grant said to the TED audience - and brought the stats to prove it. In a comprehensive business study, 47% of first mover companies would fail in their early years compared to only 8% of so-called "improvers". Great examples include Facebook and Google, dominant startups that came years, if not a decade after their predecessors. "You don't have to be first. You have to be different and better."
https://www.inc.com/damon-brown/according-to-ted-why-first-mover-advantage-is-a-myth.html
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