Innovation moves up pace layers over time.
- Innovation moves up pace layers over time.
- As a given pace layer gets to the late-stage, where the momentum has coalesced around the obvious winners, competition moves up the stack to new layers on top.
- The pace layer slows down as competition decreases and it moves to steady state; a new pace layer with faster rate of innovation emerges on top.
- Before a layer coalesces and loses its energy, it absorbs all of the energy and new things can't be built on top of it yet.
- Things can only be built on top of stable foundations.
- Fast pace layers are not stable foundations.