Tesla vs. Nio - And Why First Mover Advantage in Tech Can Suck. (60)

Tesla vs. Nio and why first mover advantage is not as awesome as everyone thinks. At least not in tech.You can listen to this podcast here or at iTunes, Google Podcasts and Himalaya.Advantages of first mover in tech can include:Bigger advantages:Temporary supply-demand imbalanceIncreasing returns to scaleSwitching costsNetwork effectsLearning effectsSmaller advantages:Brand loyaltyTechnological leadershipScarce assets in techDisadvantages of first mover in tech can include:High failure rateR&...