failure family
incumbent resistance to adoption
- Path dependence blocks compensation redesign: Path dependencies in United States executive compensation culture could make it difficult to lower overall executive pay or to add new design elements
- Incumbent underinvestment in disruption: A market leader's failure to invest in disruptive technologies often results in an abrupt loss of market dominance and frequently in total replacement
- Sustaining and disruptive technology conflation: Market leaders, successful institutions, and managers fail specifically when they do not distinguish sustaining technologies from disruptive technolog
- Unused deregulatory permission: Although the JOBS Act rules freed hedge fund managers to advertise, talk to reporters, and speak at conferences from September 23, 2013, very few mana
- Unused deregulatory option: Lifting the ban on general solicitation and general advertising was a significant formal change for private funds, but the new advertising opportuniti
- incumbent-resistance-to-adoption: Blockchain enabled services should expect the same incumbent resistance that sharing platforms encountered, so technical viability will not by itself
- incumbent-resistance-to-adoption: Judging by the legal issues that arose around sharing platforms, blockchain-enabled sharing services will likely not be accepted quickly or without re
- Venture capital innovation deficit: The disruption of venture capital by ICOs is in part self-inflicted: venture capital funds continuously invested in innovation while insufficiently in
- innovation-reluctance-of-leading-firms: Even the law firms that are best at finding innovative solutions for clients remain reluctant to fully adopt Legal Tech innovations, so quality of cli
- lost-capacity-for-agile-reinvention: Legal Tech startups will force the legal profession to innovate perpetually, a demand that overextended and cumbersome legal organizations which have
- inside-the-box-training-constraint: Redesigning legal doctrine around sharing and decentralized peer to peer platforms demands out of the box thinking from a profession whose members wer
- incumbent-resistance-to-adoption: The legal disputes already generated by sharing platforms indicate that future blockchain enabled sharing services will not be accepted quickly or wit
- professional-underestimation-of-legal-tech: Most lawyers and law industry representatives underestimate the implications of emerging Legal Tech.
- Technology erodes the 2 and 20 fee model: Blockchain technology enables managers to charge per-transaction fees, which undermines the existing 2 and 20 fee model, because it allows fully autom
- marginalization of innovation executives: In companies that concentrate on established products, the executives who understand innovation and consumer experience, the very people responsible f
- Incumbent inability to innovate perpetually: The most important consequence of legal startups is that the legal profession will be forced to innovate in perpetuity, a task that overextended and c
- Goodwill dependence of decentralized systems: Decentralized organization has not yet displaced the centralized world: traditional incumbents still enjoy enormous market power, and the success of m
- token-weighted-plutocracy: A one token one vote mechanism in existing decentralized protocols with on chain governance resembles a plutocracy, because holders of a significant s
- sustaining-versus-disruptive-confusion: Market leaders, successful institutions, and managers fail specifically when they do not distinguish sustaining technologies from disruptive technolog
- refusal-to-cannibalize: A market leader's lack of investment in disruptive technologies often causes abrupt loss of market dominance and even total replacement, because marke
- failure-to-embrace-change: Nokia, Kodak, and Blackberry all collapsed after fast changes in their markets rendered their products and services irrelevant, illustrating that succ
- lost-capacity-for-agile-reinvention: RegLegalTech startups will force the legal profession to innovate, but that task is not easily accomplished by overextended and cumbersome legal organ
- Incumbent resistance to blockchain-enabled services: Blockchain-enabled sharing services are unlikely to be accepted quickly or without resistance, because incumbents challenged by new ways of delivering
- constitutional adoption barrier: Decentralized voting pools can become supplemental voting systems that help overcome the legitimacy deficit of representative democracies, but install
- incumbent capture of blockchain voting: Blockchain voting solutions require political will as well as technical capability, and incumbent governments may refuse to surrender control over the
- Acquisition Capture of Decentralized Competitors: Legacy businesses actively neutralize decentralized competition by acquiring little known companies that hold highly competitive decentralized technol
- Efficiency Gain Perpetuation of Incumbents: Even where superior decentralized technological solutions exist, the centralized elements deeply engrained in business and society can be perpetuated
- incumbent refusal to self-cannibalize: Market leaders fail against disruptive technologies because they shortsightedly refuse to cannibalize their own dominant position, and that refusal of
- path dependency: Path dependencies are a major obstacle to decentralizing institutions and businesses, because humans have psychological inertia and cling to familiar
- Government capture of decentralized voting: Decentralized voting solutions require political will as well as technology, and governments in existing representative democracies may refuse to surr
- Traditional VC funding insufficiency: The rapid growth of digital asset startups into billion dollar businesses with little or no venture capital funding demonstrates that the traditional
- Traditional VC digital asset disadvantage: Traditional VCs struggle in the digital asset market because of that market's significant volatility and because they lack expertise in a market still
- incumbent crowding out: Well-capitalized centralized incumbents can outpace decentralized entrants in user acquisition by leveraging existing customer bases and brand recogni