Development of a company with the potential to quickly generate a large return
on investment for the founders and venture capitalists became increasingly
important. The markets are extremely efficient at identifying participants that
do not produce real results (Collins, 2000).
6.5TIME-TO-MARKET AND THE “FIRST-MOVER” ADVANTAGE
During the dot-com boom being first mattered. Being first was perceived as
having a significant advantage. Many entrepreneurs raced their ideas and prod-
ucts to market with the goal of being the “first-mover”—the company that enters
a particular market segment before any competitors. Being the first-mover
in a marketplace provided ...
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