Over time, a small headstart becomes a huge advantage
Summary
- A small headstart will get multiplied over time to become a huge advantage
Details
- A business that has a small advantage may end up receiving more capital that allows it to widen the gap on its competitors, leading to an even bigger advantage.
References
Quotes
As a system matures, a small head start can lead to more assets, allowing investment, patient decisions, and the building of trust. The feedback loop amplifies small advantages. People want to buy from the market leader, giving that leader even more of an advantage.