Arthur: Betamax Was Technologically Superior to VHS
W. Brian Arthur · a16z Podcast | Network Effects, Origin Stories, and the Evolution of Tech · Jan 2, 2019 · at 3:40
Economist W. Brian Arthur reflects on the 1980s VCR format war to illustrate how superior technology can lose market share to network effects.
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“Betamax was better, and I started to wonder why VHS dominated the market.”
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