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(Un)fair Advantage
Venture Voice – interviews with entrepreneurs
English - May 08, 2007 15:00 - ★★★★★ - 23 ratingsCareers Business Technology entrepreneur venture capital technology entrepreneurship startup business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Good Angry Customers and The Death of Sucks Sites
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Anyone who's worked with venture capitalists knows that they have a language of their own -- and for the most part it's quite fun. Terms like "burn rate", "first-mover advantage", "monetization" and "defensibility" never get old. But I've noticed that many VCs I respect are using the term "unfair advantage" to simply describe an advantage. Jeremy Liew describes having the best news coverage as an "unfair advantage". Susan Wu calls having a community and leveraging network effects an (outdated) "unfair advantage".