There’s a fascinating article on Reuters on the state of Google Glass — in summary, that entrepreneurs, companies and investors are abandoning the platform because there is no market yet. I read it with mixed feelings.
In my entrepreneurship class at Stanford, my lecturer Andy Rachleff pointed out that being first to market is not a demonstrative advantage — rather, it’s first to product-market fit that’s critical. Google was not the first in search, but the first with the right search product. Once it built its lead, it was impossible for competitors to catch up.
So when Google opened up its Google Glass program, why did so many developers flock to it? I can’t recall a unicorn-level company ever winning because it was first to a technology platform. In mobile, Instagram and even Whatsapp had many predecessors. Uber was not invented at the start of mobile’s lifecycle; only later. I can’t think of a company that succeeded because it was simply there earlier than others.