A thread on the snippets (paragraphs & quotes) from the book ‘Modern Monopolies: What it Takes to Dominate the 21st-Century Economy’
This thread will be updated as I read further & further.
1/ The burning platform.
2/ Why did Nokia fail?
3/ ‘Sixty years ago, The average lifespan of a company in the S&P 500 was over 50 years. Today it’s less than 15. This upheaval creates tremendous peril for existing businesses, but it also creates enormous opportunities.”
4/ ‘What is the platform business? A business that connects two or more mutually dependent groups in a way that benefits all sides.
Think of how eBay connected buyers and sellers or how iOS and android connected consumers & developers.’
5/ Why did RIM (parent company of BlackBerry) die?
6/ Android enters.
7/ The original Platform.
8/ The risks and the opportunities.
9/ ‘Just about every startup these days claim that it’s building a platform. As a tactic to get funding or attention, this trick seems to meet with relative success. But very few of these businesses actually understand the model they are trying to emulate.’
10/ Not really a ‘Platform’
11/ Why did GitHub succeed?
12/ Platform types.
13/ Difference b/w an Uber & an Airbnb
14/ Encyclopaedia Industry.
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