underscored

@underscored

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Incumbents have bigger businesses and more resources, and it is those advantages startups use to attack them. Their business is too good to mess with.

Packy McCormick
1w ago

That conversation ultimately echoed a very early Stratechery riff on the society-altering implications of tech that removes friction; 13 years later, our generation is still catching up.

2w ago
whyisthisinteresting
The Quartz Crisis Edition

The Swiss, suffering from hubris, didn't appear to realize they were enmeshed in a war with the Japanese at all, even after the Astron debuted. They also seemed to hold Japanese watchmaking in contempt. As one Swiss industrialist said at the time, "[The Japanese] were not even irrelevant, because irrelevant implies that they had been noticed."

1mo ago

The biggest risk of all is not taking one. Growth and comfort do not coexist. Every time I see a company protecting its core business rather than cannibalizing it, I know a competitor will do it for them—and far less gently.

1mo ago

AI's ability to port the essential backend programs that run on archaic technology will mean those missed sales never come back.

2mo ago

Musk companies at their best don't win the game; they change the rules through scale, such that billionaires buy economy cars because they actually drive themselves (with supervision), and airlines transform the consumer experience on their own dime.

3mo ago

The reason is cost. Drones are simply so cheap to produce in huge numbers that they can overwhelm any more expensive system.

4mo ago

So far, AI is replacing tasks, not jobs. Alex Imas and Soumitra Shukla have written that as long as there are a few things that only humans can do, this pattern can be expected to hold.

5mo ago

Underscored — save the words that stop you in your tracks.

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