The Great Game of Risk Played in Category Creation, and Why the Winning Strategy is Aggression: by Tom Tomguz. “Imagine a big map of customers, a huge game of Risk. Each time a customer buys software, its color changes and it’s off limits for 3 years. Marketshare in the first 1-3 years dictates marketshare for years 4-6 at least. The more customers you convert to your company’s color, the stronger the brand, the greater the awareness, the more reference customers, the more capital to raise, the easier to hire and grow. There’s a flywheel spinning in the background that isn’t obvious until the latter stages of category creation. The winner takes most of the spoils.”
Pew India Religion Survey. One of the findings: “Indians value religious tolerance, though they also live religiously segregated lives. Across the country, most people (84%) say that to be “truly Indian,” it is very important to respect all religions. Indians also are united in the view that respecting other religions is a very important part of what it means to be a member of their own religious community (80%). People in all six major religious groups overwhelmingly say they are very free to practice their faiths, and most say that people of other faiths also are very free to practice their own religion.” More from Pratap Bhanu Mehta, Rama Lakshmi and Devangshu Dutta.
Randy Barnett: “The Constitution is the law that governs those who govern us. It’s not the law that governs us. The Constitution is the law that governs those who govern us.” [via CafeHayek]