Quote of the day by Peter Thiel: ‘First mover advantage is a trap, it’s much better to be the last mover’
Quote of the day by Peter Thiel. PayPal founder Peter Thiel contradicted the well-known business lesson that being the first mover in a sector has its own advantage and suggested that it is highly overrated and a trap. Because first-movers can become unseated by a new entrant and he supported his theory by citing how…