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How First Mover Advantage Can Kill Your Business | Ep. #674
In episode #674, Eric and Neil discuss the First Mover Advantage. Tune in to hear why being first may not make you the best.
TIME-STAMPED SHOW NOTES:
[00:27] Today’s Topic: How First Mover Advantage Can Kill Your Business
[00:50] Coca-Cola is the beverage king. They are the first mover.
[01:11] The first mover advantage helped Coke become the dominant brand.
[01:26] Peter Thiel has a concept that says whoever the first to market is, gets a huge advantage. However, you also end up with a lot of high costs and inefficiency.
[02:17] Last mover advantage is taking what has been done and improving…
The skinny
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