First to market often loses

by

Sammy Abdullah

-Apple did not invent the cell phone, Motorola did in 1973. The iPhone didn’t come out until 2007.

-Ebay was not the first online auction site. By the time they entered the market, there were over 150 online auction sites, the largest of which was public and backed by Kleiner Perkins.

-When Compaq released their “portable” PC (laptop), there were at least 15 other offerings at the time, but theirs was the first to run software built for IBM.

The most dominant companies in their respective industries weren’t the first to the market, but rather they were the first to truly innovate an already existing product that could use improvement.

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