Friday, November 15, 2019

Your Venture's Unfair Advantage

1. Technology Capability
Very valuable in producing the App
It's not rare
It can be imitable
No other resource can provide the same benefit

2. Human Capital
Very Valuable in getting the right people around for advertising and producing application
Rare resource in that the right people can be hard to find
Hard to imitate
Absolutely no other resource can provide same benefit

3. Financial Capital
It's Valuable but all the technology needed is already readily available
Non rare resource
Easily imitable
No other resource can provide same benefit

4. Social Capital
Very valuable to getting the foot in the door in the 'golf world"
Rare in that for this it's who you know not what you know
Can be imitable but is hard to be
No other resource can provide same benefit as this

I feel like human and social capital are tied for being my top resources available. Having the right people around you and knowing who to get you in the right place is very valuable and to a point of being priceless.

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