Posted on Jun 01, 2015 in Press
With predictable efficiency, the tech industry turns out new smartphones, apps and ideas. Just as common are lawsuits that accuse competing companies of stealing intellectual property.
The factor that drives those lawsuits is competition — the very thing that many argue makes Silicon Valley so successful.
But the way startups are funded fosters an especially competitive atmosphere, said Rett Wallace, co-founder and chief executive officer of Triton Research. Look no further than Uber and Lyft, Airbnb and HomeAway, or YouTube and Vimeo to see that many of them deliver darn near the same thing to consumers.
“Variations on a theme is how you get funded. You have to be more like the competitors rather than less like the competitors to get funded, because the more different you are, the more risk you represent,” he said.
Read full article at sfchronicle.com
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