| Facing Competition through Innovation | February 07, 2007 |
Reid Hoffman
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LinkedIn |
Entrepreneurial Thought Leaders Lecture |
| Views: 4347 |
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| Video 4 of 6 from this talk |
- 04:03Entrepreneurship: A High-risk Investment
- 06:43Fundamental Principles of Entrepreneurship
- 03:263 Key Lessons for an Entrepreneurial Internet Company
- 04:44Facing Competition through Innovation
- 04:03Core Ideas for a Social Networking Company
- 04:36Comparison between an Entrepreneur & a General Manager
Description
Hoffman believes an entrepreneurial venture will face competition by either innovating against no competitors or against slow competitors. If a startup faces a smart, aggressive competitor, they must be really sure of what they are doing. He elaborates on this point with the example of 'Friendster' losing its first mover advantage to 'MySpace,' due to a lack of marketing strategy.
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