A developing startup ecosystem is a sign of a developing nation. Once a startup comes into existence, there comes with plenty of opportunities. That is why government are so exited about the growth of these entreprenaurial ventures. These emerging companies do what the governments do and what governments wants them to do. They provide them with jobs,security,payable taxes and an incredible increase in the GDP. The cash inflow is the most sort out thing that government sees in these startups. with more cash in hand, they can build better infrastructure, provide free education and foods. By taxing the private organizations, they will be able to provide pensions and bonuses to the government employees. This is quite intresting. A lot of wealth is generated through the existance of these companes. They are fast and efficient since they manage the operational cost fro, their own pocket or from institutions where they are obliged to return.
The first mover advantage maybe a myth like MySpace. It is not necessary to have a first mover advantage, but it may do good if managed correctly. In the world of crypto we could see Bitcoin reigning over a decade as the leading coin. It got its first mover advantage and it is way ahead than other altcoins. But does it means it will lead forever ? Not really. I’m case of Amazon the first mover advantage was a great benefit. It is not that because of Amazon being the first to deliver goods through online, it is the ever growth mindset of Jeff Bezos. Like in case of any other thing, the important factor is not the advantage, but the mindset that drives it behind. Last day I wrote about having a progressive mindset. But when it comes to BTC, the driver behind it is clearly absent. Its first mover advantage is getting it to the top, but as soon as when one person with growth mindset comes with an equivalent product (which already happened), the first mover advantage may slay. ...
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