In the CollabFund blog, Morgan touches on some interesting concepts.
The only truly sustainable sources of competitive advantage I know of are:
- Learn faster than your competition.
- Empathize with customers more than your competition.
- Communicate more effectively than your competition.
- Be willing to fail more than your competition.
- Wait longer than your competition.
However, when we take community into consideration, I feel we can expand on this list of competitive advantage.
The one that really springs to my mind is having depth of community knowledge (which also includes depth of relationships/connections as that is often required to get to the depth of knowledge).
Thoughts on adding this as a competitive advantage?
Is there something else worth adding to the list?