I am a huge advocate of competition and recognize that it pushes innovation and helps democratize markets by pushing the best products to the top. However, I also wonder if arms races between many players is an efficient system. Would the world be better off pooling resources and allowing capital allocation to be spread solving more problems? Its hard to say because many great companies we’ve come to know and love emerged from crowded spaces and have made this world a better place.
(Full Post: http://life-longlearner.com/overcrowded-spaces/)
Scott Britton is a startup enthusiast, blogger, and Skillshare teacher based in New York City. He is a former business development and marketing executive for SinglePlatform and writes about business development, networking, and personal development at Life-LongLearner.com.