“Moving first is a tactic, not a goal….It’s much better to be a last mover.” — Peter Thiel
On the surface this seems contrarian. When is being last better than being first?
Steve Jobs understood this. Apple didn’t make the 1st MP3 player or the 1st smartphone. Yet in consumer tech, Apple is synonymous with both.
Uber being one of the most known startups has called for plenty of media coverage over it’s success and faults but while that’s been going on a big problem has arisen. Drivers and riders have NO LOYALTY. The reason I use Uber or Lyft or any one of a dozen services is a result of price, availability, and marketing. A better offer from ANY competitor and I’m gone. Initially of course this was not an issue when they had 100% market share of the ride sharing platform, obviously that’s changed as the markets gotten saturated hence why they are in for trouble.
What do you think? Is Uber screwed? Would you rather run Uber or Airbnb? Can Dara save Uber from itself and its business model?
These questions are not considered enough by the tech community. Uber is arguably the greatest hit in history of VC (at least of pre-IPOs).
The bigger they are, the harder they fall… and the bigger their appetite. I’m bearish on Uber and incredibly bullish on Airbnb.
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