It seems like the mean time between unstoppable and out of the game is getting smaller. It took a long time for newspapers and phone companies to be irrelevant but MySpace has already rocketed, peaked higher than the value of a slew of newspapers and is sliding down the chute toward irrelevance. ebay managed to kill newspaper classifieds (with help from Craig’s List), put a dent in phone companies with Skype and is now hitting big bumps. Don’t be surprised to see ebay slowly slip from the from the average person’s radar pretty fast.
There is no divine right of success in business. It takes constant creativity and flexibility. Now more than ever complacency will kill a business. Fast. Andy Grove was right. Only the paranoid survive.