The myth of the first mover advantage

At a recent talk, Ajay Royan, Co-founder of Mithril Capital elegantly debunked the first mover advantage in startup investing. “Paypal, Facebook, Google, Airbnb, Uber — none of these companies were first movers. Rather, these companies did one thing really well — they shut the door behind them. The rest is history.”  Read the rest of this blog on Medium

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