I feel like I bump into this a lot in the tech world (especially the highly funded) and I’m not sure what the fallacy is called.

There are existing industries with smart people with a wealth of experience. A tech company comes along and claims superiority by virtue of deductive reasoning. But they pay almost zero heed to the inductive reasoning of the incumbents and have to repeat their mistakes - this time with an app.

I never understood why Uber would win. All it was going to take was an uber-like app that existing companies could pay for and their primary (non-funding) advantage was gone. Otherwise they’re a normal cab company with all that entails.