Innovation happens all at once — Then Its a fight till the death
Oct 22, 2020
Every so often a new industry gets disrupted by 3 or so companies. Linkedin’s founder Reid Hofman has a saying that: “First prize is a Cadillac, second prize is a set of steak knives, and third prize is, ‘You’re fired.’” Meaning, once an industry gets disrupted by a number of upstarts it becomes a race to Blitzscale & the winner takes the market. This has happened a few times in the last 10 years.
Ride-Sharing
- Cadillac — Uber
- Steak Knives — Lyft
- You’re fired — Sidecar
Men’s Grooming
- Cadillac —Dollar Shave Club
- Steak Knives —Harry’s
- You’re fired —Bevel
Hospitality
- Cadillac —Airbnb
- Steak Knives —HomeAway
- You’re fired — Wimdu
Telemedicine
- Cadillac — Ro
- Steak Knives — Hims
- You’re fired — Keeps
Micro-mobility
- Cadillac — Bird
- Steak Knives — Lime
- You’re fired — Jump
