Sunday, October 24, 2021

Platform Business Models are Not Generally "Line Extensions"

 

Platform business models are quite distinct from those generally used by msot businesses throughout history. The revenue model is relatively rare, even now. So "becoming a platform" is much harder than most believe, as it requires creating a different revenue model than an incument now uses, and supporting different customers, or existing customers in different ways. 

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On the Use and Misuse of Principles, Theorems and Concepts

When financial commentators compile lists of "potential black swans," they misunderstand the concept. As explained by Taleb Nasim ...