this post was submitted on 06 Oct 2024
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Honestly, being the first to market simply means you are shouldering the majority of the risk, and taking the majority of the blind leaps into the abyss.
The old adage,
can be very true in business more often than not. As a second-entrant, you can leverage - or avoid - what the first did to prevent yourself from falling into the same potholes they did. Plus, much of what they did - from a tech perspective - may have constrained their later decisions due to tech debt and the need to move fast. You have the ability to maximize similar decisions by building your product with those more advanced options in mind, or at the very least to have the flexibility to add options like that at a later time.