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PR Newswire
09-04-2020, 08:27 PM
Most of today's large tech companies, like Amazon and Google, get to their present humongous market value and market power by:
1) Providing as much value as possible to the customer. This meant sustaining losses during the early years, and only making a meager positive return in the later years. Debt and equity were sold to finance expansion and better user experience.
2) Having the right people who not only possess the strategy and skills, but more importantly, the patience/endurance, to do whatever it takes to deliver the above.
During their early years, it was never obvious that Amazon and Google will eventually be leaders in their present markets. They had their worthy competitors (ebay and yahoo). And they weren't raking in big bucks. An investor in either companies during their early years had to endure plenty of uncertainty, for the following 10-15 years, before seeing their emerging market leadership.
1) Providing as much value as possible to the customer. This meant sustaining losses during the early years, and only making a meager positive return in the later years. Debt and equity were sold to finance expansion and better user experience.
2) Having the right people who not only possess the strategy and skills, but more importantly, the patience/endurance, to do whatever it takes to deliver the above.
During their early years, it was never obvious that Amazon and Google will eventually be leaders in their present markets. They had their worthy competitors (ebay and yahoo). And they weren't raking in big bucks. An investor in either companies during their early years had to endure plenty of uncertainty, for the following 10-15 years, before seeing their emerging market leadership.