In many industries, there can be multiple successful companies, and competition does not mean that one must fail simply because another exists.

Creative destruction is essential for companies; if you don't keep your technology current, you risk being outpaced by competitors.

The feedback data from applications can create a competitive advantage, but it may not be sufficient to prevent others from catching up in the long run.

The structure of competition in industries often prevents innovators from making money, despite creating significant value for society.

A history of failure in certain industries discourages innovation, while success in software encourages more people to enter that field, creating a cycle of innovation.

If you're trying to sell a technology and it's not gaining traction, consider building a competing product that effectively addresses the same need, like creating a fintech co-pilot if the market isn't responding to your current offering.

If you design a brilliant product but fail to ensure its easy adoption and cost-effective delivery, you will face significant challenges in the market.

To succeed, you must understand the power dynamics in your industry and learn how to appeal to those who control opportunities.

In the early stages, companies often fail to find product market fit, which can derail their success.