Jason Maier on Nostr: Plenty of examples of this. Peloton has now gotten more money from me by selling ...
Plenty of examples of this. Peloton has now gotten more money from me by selling monthly access to the beautiful people meant to train me than they ever did by selling me the actual bike.
So why was Kodak able to weather storms and massive tech innovation since 1888 to become the predominant company to sell cameras, but they weren’t able to adjust when digital cameras came along? Even though they were the first to have them?
The business model was threatened. If you get money from selling film, a film-less camera isn’t an opportunity, it is a threat. Kodak could see no path to adapt. Who knows if there was one?
Of course, now we have Apple that is threatening to shut down apps like Damus because it allows people to transfer value directly peer to peer. Not being able to position themselves in the middle of transactions is a threat to Apple’s business model.
So why was Kodak able to weather storms and massive tech innovation since 1888 to become the predominant company to sell cameras, but they weren’t able to adjust when digital cameras came along? Even though they were the first to have them?
The business model was threatened. If you get money from selling film, a film-less camera isn’t an opportunity, it is a threat. Kodak could see no path to adapt. Who knows if there was one?
Of course, now we have Apple that is threatening to shut down apps like Damus because it allows people to transfer value directly peer to peer. Not being able to position themselves in the middle of transactions is a threat to Apple’s business model.