Commoditize your complements (and open source software) Matt's Tech Bytes


Commoditize your value chain before it commoditizes you Inverted Passion

Smart companies try to commoditize their products' complements. If you can do this, demand for your product will increase and you will be able to charge more and make more. They don't have to achieve industry scale to achieve commoditising their complement, they just need to get sufficient scale to dampen price / opportunity. Same.


Compliment vs. Complement How to Use Complement vs. Compliment • 7ESL

A clas­sic pat­tern in tech­nol­ogy eco­nom­ics, iden­ti­fied by Joel Spol­sky, is lay­ers of the stack at­tempt­ing to be­come mo­nop­o­lies while turn­ing other lay­ers into perfectly- competitive mar­kets which are com­modi­tized, in order to har­vest most of the con­sumer sur­plus; dis­cus­sion and ex­am­ples.


Complementary Goods Graph

Commoditization could also flip the balance of software and hardware: if LLMs, the data and software, become commoditized, the hardware to train and serve them will be differentiated ( commoditize your complement ).


ADJECTIVE COMPLEMENT masterclass definition, types & examples

The lowest theoretically sustainable price would be the "commodity price" — the price that arises when you have a bunch of competitors offering indistinguishable goods. So: Smart companies try to commoditize their products' complements. This idea is more important than ever in the cloud era.


ADVERBIAL COMPLEMENT masterclass A complete guide

There is an alternative - "Commoditizing the complements", wherein a company makes other layers of the value chain (in which it is not present) less valuable, thereby keeping a major part of the economic profit for itself (or the layer in which it is present). Corry Wang @corry_wang


Commoditize Past Tense Verb Forms, Conjugate COMMODITIZE

Commoditize your complement March 22, 2021• Education Gwen published this wonderful piece on how large companies manage the ecosystem and create scales of economy. Economy without profit, but scale none the less. This is an important concept and valuable to apply. Making money depends on how you price in market, or price out the market.


Linking Verbs & Subject Complements Curvebreakers

The lowest theoretically sustainable price would be the "commodity price" — the price that arises when you have a bunch of competitors offering indistinguishable goods. So, smart companies try to commoditize their products' complements. If you can do this, demand for your product will increase and you will be able to charge more and make more.


The Complement Labs Collection Medium

Commoditizing Your Compliments An OSS model competition, and some strategy bits -- 5/10/2023. David Hershey. May 10, 2023. Share this post.. It seems all these folks read the famous Strategy Letter V — open source is an excellent strategy to "commoditize your complements." For each of the sponsors of this competition, there is a very.


Are You Commoditizing Your Customers? Partners in EXCELLENCE

In this case, the truism is to commoditize your complement. Companies have an incentive to push as much capitalism as they can into things they don't make money on, and keep the capitalism away from their main products as long as they can. So eg Google don't want to commoditize maps, because they're happy having a monopoly on mapping services.


Subject Complement What is a Subject Complement? with Useful Examples • 7ESL

So: Smart companies try to commoditize their products' complements. This idea is more important than ever in the cloud era. Companies are choosing to open-source their projects to get a go-to-market headstart but face headwinds later on when AWS or another cloud provider copy their offering (directly or indirectly).


101 Compliments That Will Make People Smile Ilham Usman Compliment words, Compliments for

The lowest theoretically sustainable price would be the ""commodity price""—the price that arises when you have a bunch of competitors offering indistinguishable goods. So: Smart companies try to.


Twos Complement Examples

"Commoditize your complement": this is a business strategy worth being familiar with. ChatGPT and LLMs just commoditized the complement of data: software. This increases the value of data, but mainly drives value accrual to the new scarce complement: semiconductors. Cars and gasoline Competition is enhanced for commoditized products.


Complementary Goods Economics Help

So: Smart companies try to commoditize their products' complements. If you can do this, demand for your product will increase and you will be able to charge more and make more. This idea is explored more in Peter Thiel's Zero to One, which posits that capitalism and competition are opposites: one generates profit, the other destroys it.


Complement Pathway Explained Epomedicine

The bytecode idea is not new — programmers have always tried to make their code run on as many machines as possible. (That's how you commoditize your complement). For years Microsoft had its own p-code compiler and portable windowing layer which let Excel run on Mac, Windows, and OS/2, and on Motorola, Intel, Alpha, MIPS and PowerPC chips.


The economics of complements widely

11.29.21 Why Web3 projects should commoditize the complement (the product) Nearly twenty years ago, Joel Spolsky coined a phrase that informed the decision-making of countless startups and tech giants: "commoditize the complement." In general, a company's strategic interest is going to be to get the price of their complements as low as possible.


Commoditize your complements (and open source software) Matt's Tech Bytes

In business and economics, there is a concept that is often expressed with the phrase "Commoditize your complement". A complementary product is has some form of necessary connection to the product in question…the usual example is automobiles and gasoline. As Joel Spolsky puts it: