How are there so many duplicate companies getting funding?

Yelp
IyLp55

Yelp

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IyLp55more
Apr 10 5 Comments

Seems like every day there's a new data analytics platform or systems monitoring service or CRM tool that is no better than existing offerings. Why do people keep entering these areas with no differentiation?

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TOP 5 Comments
  • Facebook nose dive
    Because most markets are not winner takes all. There is room for more then 1 winner/profitable companies.

    Example: there are many different profitable companies making barbecue flavored chips
    Apr 101
    • Lyft / Eng
      pm4Referal

      LyftEng

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      Facebook
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      PM me if you want/need a Lyft referral.
      pm4Referalmore
      In before artisanal smoked organic gluten free chips box subscription unicorn founded by social media influencer
      Apr 10
  • Microsoft shambu
    Right now it's coz oil money needs to go somewhere.
    Apr 101
    • Dropbox systest
      Yup it’s all Saudi Arabian money routed through Softbank
      Apr 10
  • Salesforce YewT83
    Enterprise SaaS is a very good business to be in. Even if you have little chance of becoming a market leader, you could still make a lot of money with a good sales team.
    Apr 100

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