It's not just capital-intensive industries. Winner-take-all markets will be won by a company that focuses on expansion first, revenue second.
Not all industries are like that. Social networks and payment networks, though, are examples of winner take all markets. That is why it makes sense to raise a lot of money and try to capture the dominant spot in the market before a competitor does so.
Not all industries are like that. Social networks and payment networks, though, are examples of winner take all markets. That is why it makes sense to raise a lot of money and try to capture the dominant spot in the market before a competitor does so.