"The Riff" with Byrne Hobart and Erik Torenberg cover image

E33: AI Therapy, 4chan, and Why Conferences Are Like Cities

"The Riff" with Byrne Hobart and Erik Torenberg

NOTE

The Pitfalls of Competing Against Well-Funded Startups

When a well-funded competitor enters the market with the same idea, they can outspend on advertising, sales, and product development, putting pressure on a bootstrapped company to decide whether to remain a small player or seek funding to compete. The well-funded competitor can afford to promise more to customers and accelerate progress by throwing money at the idea, forcing the bootstrapped company to consider selling or raising funds to stay competitive.

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