Newspaper Digital Blindness
Share
Andrew Wilkinson shares a story about how newspaper industry leaders were blind to upcoming disruption in the late 90s.
"I'm reading a great book about the newspaper industry right now. All the guys that owned newspapers in 1998 thought 'We're good forever, this is the best possible business, we have a monopoly.' They thought it was okay to pay 20 times earnings to buy a paper.
Look how that turned out - you could not have predicted Craigslist, classified disruption, etc. People are just incapable of seeing these things in themselves."
Andrew Wilkinson
Co-founder of Tiny
Wilkinson is the co-founder of Tiny Capital, which owns companies including AeroPress, MetaLab and Dribble. He is also the co-founder and chairman of WeCommerce, a holding company that starts, buys, and invests in the world’s top Shopify businesses.