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by layman
4335 days ago
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Kind of agree. The author arbitrarily took 1 year as "startup" and any business longer than 1 year as "establishment". It was probably possible to start and sustain a small business in 1 year earlier, perhaps. But now the world is integrated, and the probability of survival by serving people of your neighborhood or city, is much less. IOW, a business has to grow big and hence it takes longer than 1 year to succeed. So by author's definition, Blockbuster being disrupted by Netflix doesn't count any more because it's establishment displacing establishment. |
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