Comments on: Fast Follower III – First Mover Disadvantage

By: Startup Children – How To Parent An Entrepreneur (Part III)

Startup Children – How To Parent An Entrepreneur (Part III) — Mon, 18 Jul 2011 16:50:32 +0000

[...] entrepreneurs care to admit, and a smaller role than unsuccessful entrepreneurs like to claim. The First Mover Advantage in Monopoly is real, but just like in business, its long-term value is [...]

By: Entrepreneurs Should Go For The Quick Buck – Then Stop

Entrepreneurs Should Go For The Quick Buck – Then Stop — Sat, 30 Apr 2011 18:47:19 +0000

[...] are better than others. During a market’s formative period, there are often opportunities for a First Mover to extract outsized profits. In the short-term, such opportunities are enticing. However, in the [...]

By: Quora

Quora — Thu, 30 Dec 2010 02:35:16 +0000

What are some ways to convince people they need a new product that has no current market?…

Missionary selling (new market, new product, etc.) is always hard. It takes 4x as long as you think it will and costs 4x as much money. At Computer Motion, we had to convince the world’s greatest surgeons that robotics in the Operating Room made sense…

By: David J. Phillips

David J. Phillips — Mon, 16 Nov 2009 22:48:52 +0000

Like many other fast follower cases, I think Fulton had the benefit of standing on the giant’s shoulders. The R&D was done, take advantage of the countless hours you didn’t have to sacrifice. I think that it is much easier for an innovator to “stand on the shoulder’s of a giant,” (especially on a breakthrough product) thus progress more quickly in the market place, Vs. the inventor. The inventor may be more focused on building a new giant; which can be great, but is time consuming.

By: Chris Herbert

Chris Herbert — Thu, 01 Oct 2009 02:51:37 +0000

It seems that one of Fitch’s main weak points was that he was under capitalized like many start ups today. What made Fulton’s steam boat so much more compelling of an investment than Fitch’s?