Quote of the day by Peter Thiel: 'First mover advantage is a trap, it's much better to be the last mover'
- PayPal founder Peter Thiel contradicted the well-known business lesson that being the first mover in a sector has its own advantage and suggested that it is highly overrated and a trap.
- Because first-movers can become unseated by a new entrant and he supported his theory by citing how Microsoft remained the last operating system for a long time, Google the last search engine for a long time and neither first mover.
- Thiel presented this idea on several occasions: in his speeches and books, and said, 'First mover advantage is a trap; it's much better to be the las
Unverified
- PayPal founder Peter Thiel contradicted the well-known business lesson that being the first mover in a sector has its own advantage and suggested that it is highly overrated and a trap.
- Because first-movers can become unseated by a new entrant and he supported his theory by citing how Microsoft remained the last operating system for a long time, Google the last search engine for a long time and neither first mover.
- Thiel presented this idea on several occasions: in his speeches and books, and said, 'First mover advantage is a trap; it's much better to be the las
Sources: Times of India