Startups often beat big companies because larger organizations tend to move slowly and lack conviction in new ideas.
In the case of social networking, companies like Google had the resources, talent, and infrastructure to compete, but they underestimated the opportunity.
Early on, social networking was dismissed as a passing fad for college students. Even when it proved otherwise, skepticism shifted to whether it could make money. By the time it was profitable, many doubted its ability to transition to mobile.
Inside big companies, there are often teams that see the potential in these ideas, but decision-makers higher up deprioritize them, effectively stalling progress. This creates openings for smaller, focused startups to move quickly, take risks, and win markets before the incumbents realize it’s too late.
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Source interview: South Park Commons
