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by anon291
581 days ago
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Absolutely, and this is a common pitfall of large companies. However, history also shows us that many large companies can and do adapt and do go on to dominate newer fields. For example, American express was a shipping company (and a massive one at that) before it started venturing into novel financial services. If anything, large companies are better positioned than startups to enter new capital-intensive verticals, and I think history bears this out. |
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