Sam Altman: “Copycat startups rarely work”
“People worry about copycat startups a lot, and I don’t think you need to.”
Sam explains that Y Combinator did a study on copycat startups and found that there are very few copycat startups that actually go on to be successful.
“The copycats almost always fail. They’re always a year or two behind. The people aren’t as good. They don’t have the same sense of mission.”
It’s easy to get stressed about copycat startups as a founder but they don’t really cause problems and you’re best off ignoring them.
“It takes many years to learn to ignore them, but I believe that is the right answer.”
Video source: @_TheFamily (2017)
Nah, they work even better than the original. New era.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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