Nick Grossman wrote a phenomenal post this past week titled:
In it, he seemed to have captured a quintessential truth about the way technology platforms have evolved over the last 30+ years. There’s a recurring pattern of bundling and unbundling of technologies. An oscillation between proprietary, venture-backed platforms, and open, community-backed ones.
Nick puts it best:
“So there’s the pattern: tech companies build dominant market positions, then open technologies emerge which erode the the tech companies’ lock on power. These open technologies then in turn become the platform upon which the next generation of venture-backed companies is built. And so on and so on; rinse and repeat.”