Business strategy; monopoly theory; capturing value; market dynamics; innovation.
Outline:
(00:00) Introduction
(00:50) Outline
(00:57) Capturing value
(01:57) Big piece of a small pie
(03:37) Perfect competition
(04:31) Monopoly
(05:33) Lies people tell
(05:36) Differences underestimated
(06:59) Narratives
(07:54) British food in Palo Alto
(08:40) Do the intersections make money?
(08:45) Blockbuster movie
(09:29) Is the intersection valuable?
(09:35) Startup version
(10:11) The search market
(11:00) The advertising market
(11:29) The technology market
(12:36) Evidence of narrow markets
(13:28) How to build a monopoly
(13:39) The right size
(14:36) Start small and expand
(17:05) Start big and shrink
(18:40) Last mover advantage
(18:45) Characteristics of monopoly
(27:10) Value of the future
(27:55) History of innovation
(28:28) Technological innovation
(30:16) Capturing value
(31:59) Success cases
(37:03) Psychology of competition
(38:14) Mimetic preferences
(38:33) Competition as validation
(42:22) Q&A
(42:26) Q1
(43:01) Q2
(43:38) Q3
(44:34) Q4
(46:40) Q5
(47:55) Q6
Source:
https://www.youtube.com/watch?v=VBYrcYy_dh4)
