494

-- Ben Koot (ben@timerdesk.net), March 04, 2001

Answers

The critical error committed by most dot.com startups was to mis- identify the type of market they were entering. Day draws what he feels is a key distinction between a "breakthrough" and a "re-formed" market. Breakthrough applications create new products or services that would be impossible without the new technology; they give rise to totally new industries. "These situations are rare; less than 10% of new products are truly new-to-the-world products," including, for example, televisions, xerography and artificial fibers. full story

-- Ben Koot (ben@timerdesk.net), March 04, 2001.