Transition to a platform
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Transitioning from an application to a platform involves significant challenges and strategic decisions, as described by multiple experts:
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Openness to Surprises: Shishir Mehrotra notes the importance of being open to unexpected outcomes when moving from a controlled product environment to a more dynamic platform . Unlike products tightly controlled by their creators, platforms like YouTube reveal new uses and content daily, which can be both inspiring and troubling 1.
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Determining the Right Time: Keith Rabois emphasizes the difficulty in identifying the right time to transition. Balancing the clear value proposition of a product with the broader, sometimes less tangible benefits of a platform is crucial 2.
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Rebundling Efforts: Akshay Kothari of Notion highlights the move towards integrating multiple functionalities into a single platform. This "rebundling" aims to reduce fragmentation and streamline user experiences. Notion, for instance, seeks to provide versatile tools for different tasks within one platform, rather than numerous fragmented applications 3.
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Platform Transitions in Gaming: Mitch Lasky discusses the pivotal moments for independent developers during platform changes. New platforms can level the playing field, allowing independent developers to innovate freely without being overshadowed by established players 4.
Overall, transitioning to a platform involves embracing unpredictability, timing strategic shifts carefully, consolidating functionalities, and leveraging new platforms for innovation.
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