A question I have that I would like to learn more about at some point (I currently assume it’s not very relevant for some time to come) is how to think about competitive dynamics in small donor funded markets. In large profit-driven markets it seems well accepted by economists that more competition is generally a good thing for the consumer. In smaller donor-driven markets it seems like a less closed case. If choosing between funding an established player or another org doing the same thing, how should we think about that? Presumably at some point the cost of duplicated effort, talent and capital requirements are overridden by the benefits of competition. My current working assumption is that that point is quite far along, especially given second mover advantage. If this is incorrect then perhaps we should be funding more early stage clones of existing orgs.
A question I have that I would like to learn more about at some point (I currently assume it’s not very relevant for some time to come) is how to think about competitive dynamics in small donor funded markets. In large profit-driven markets it seems well accepted by economists that more competition is generally a good thing for the consumer. In smaller donor-driven markets it seems like a less closed case. If choosing between funding an established player or another org doing the same thing, how should we think about that? Presumably at some point the cost of duplicated effort, talent and capital requirements are overridden by the benefits of competition. My current working assumption is that that point is quite far along, especially given second mover advantage. If this is incorrect then perhaps we should be funding more early stage clones of existing orgs.