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Dave Vellante57![](https://crowdspotsimages.s3-us-west-2.amazonaws.com/profile-images/dXNlcjp0d2l0dGVyOjEyNTk5NTUy.jpg)
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Q5. @amcafee the economics of digital products are software-like where at higher volume, marginal costs go to $0 - is this good news or a “race to zero” for companies?
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Dave Vellante
using your concept...does “Winner-take-all Economics” mean there aren’t any “non-zero sum” solutions to the problems you and Erik discussed in your books
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Andrew McAfee
It's great news if your company wins the 'winner take all' contest in these industries
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Jeff Frick
> Completely different challenge than operating in an industry with inflationary norm.
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Steve Chambers
the barrier to entry is also reduced to zero, isn't it?
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Steve Chambers
is this what has created uber with no cars, alibaba with no inventory etc
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Dave Vellante
Tech has historically been a winner-take-all business? IBM, then Wintel and competitors within their domains (e.g. Cisco, Oracle, Apple) - what's different?
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Andrew McAfee
yes, the pattern in tech industries is dominance, then disruption. I think this pattern will spread to more and more industries in 2MA
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Bert Latamore
What's different is it isn't just tech now. It is virtually every part of the economy as more and more industries are disrupted.
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Dave Vellante
@stevie_chambers not if you count VC dollars that go to marketing stevie!
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Andrew McAfee
@BertLatamore Yep. That's because digital gear is a "general purpose tech" - in other words, it diffuses throughout the economy
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Paul Gillin
Platforms have been winner-take-all. Not sure I'd generalize to all of tech.
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abhishek mehta
great news...as it implies you built a platform...and when that platform solves a problem, the marginal economics become the secret biz model weapon
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John Furrier
platforms always win in the end - value from network effects and leverage are great and with software we are seeing a new generation of scale with #opensource
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Bert Latamore
@amcafee Exactly, but for many people who aren't the winners this can be personal disaster.
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Steve Chambers
what's a "platform"?
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Andrew McAfee
Economic growth is inherently NOT zero sum
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Andrew McAfee
@stevie_chambers See my colleague Marshall Van Alstyne's work for the best answer to that Q. He's speaking at our London event
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Dave Vellante
@amcafee Bill Clinton would be proud of you andy...
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Jeff Frick
@amcafee > That's why they call it Value Creation!
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Mauro Damo
The technology increase the human productive, so when you develop something really innovative and disrupt, you can create value instead of destroy it