I completely agree, but this might seem counter-intuitive to this forum, given the fundamental advice to new entrepreneurs: hyper-focus.<p>Once a company reaches a certain maturity, it &quot;knows&quot; that it needs to diversify to some extent. But it&#x27;s hard to generalize about diversification strategies because it&#x27;s tough to agree on the right metric for company maturity. Too many of the historical examples we could use for discussion directly relate to changes in what the state has considered a monopoly over time.