THE AGE OF INCUMBENTS

Summary from the TLDR Founders newsletter

7 of the top 10 companies by market capitalization are pure tech companies that have disrupted traditional industries with their software. However, in 2024, better software alone is not enough to displace existing tech incumbents. AI has opened up new possibilities with data and incumbents have access to extensive pools of data and know how to best leverage them. However, there are still reasons not to lose hope when it comes to displacing incumbents.