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59 companies
Lenovo
Computer Hardware & Technology
The Chinese tech company that built a global empire by absorbing what dying giants shed. Lenovo's strategy is elegant: acquire businesses that no lon...
Professional Networking / Social Media
LinkedIn's success came from understanding germination timing: launching early in the right environment beats launching perfectly in the wrong one. Re...
Louis Vuitton
Luxury Fashion
Louis Vuitton was founded in 1854 to solve a practical problem - creating flat-topped, stackable trunks - but became a $20 billion luxury icon through...
LVMH
Luxury Goods
In 1984, Bernard Arnault bought Christian Dior and began building what would become the world's largest luxury goods company. Conventional wisdom said...
Lilium
Aerospace / Urban Air Mobility
German electric jet company that filed for bankruptcy twice - first in October 2024, then again in February 2025 after a rescue deal collapsed. Founde...
L.E.K. Consulting
Management Consulting
Provides strategy consulting through pattern recognition across industries, identifying successful adaptations in one sector applicable to others. Lik...
L'Oréal
Consumer Goods
L'Oréal is the world's largest cosmetics and beauty company, offering products across skincare, haircare, makeup, and fragrances through luxury, profe...
L3Harris Technologies, Inc.
Aerospace & Defense
Integrates communication, sensing, and electronic warfare systems across air, sea, space, and cyber domains like nervous systems integrate sensory str...
La Haus
Real Estate
Digitizes Latin American real estate transactions through platforms that reduce information asymmetry like cleaner fish signal service availability. T...
La Roche-Posay
Beauty & Personal Care
Formulates dermatological skincare around thermal spring water minerals that interact with skin like symbiotic bacteria colonize epithelial surfaces....
La-Z-Boy Incorporated
Consumer Goods
La-Z-Boy Incorporated is one of the world's leading residential furniture producers, marketing furniture for every room of the home. The company manuf...
Labcorp Drug Development
Contract Research
Conducts clinical trials through global site networks that test drug candidates like natural selection tests genetic variants. Their protocols expose...
Labelbox
AI Infrastructure
Provides data labeling platforms that train machine learning models through supervised learning, mirroring how parent animals teach offspring to recog...
Laboratory Corporation of America (Labcorp)
Healthcare Services
Operates diagnostic testing networks that detect disease markers in biological samples like immune systems identify pathogens. Their laboratories anal...
Laboratory Corporation of America Holdings
Healthcare
Laboratory Corporation of America Holdings is a leading global life sciences company providing comprehensive clinical laboratory and end-to-end drug d...
Lacework
Cybersecurity
Secures cloud infrastructure through behavioral anomaly detection that identifies threats like immune systems distinguish self from non-self. Their pl...
Ladder Capital Corp
Financial Services
Ladder Capital Corp is a commercial real estate finance company that originates, services, and manages a diverse portfolio of commercial real estate d...
LANXESS
Chemicals
Produces specialty chemicals through controlled reactions that synthesize molecules not found in nature. Their polymer additives, pigments, and interm...
LATAM Airlines
Airlines
Operates South American aviation networks that connect isolated regions like mycorrhizal fungi link forest trees. Their hub system in Santiago channel...
Lazard
Financial Services
Lazard is a leading financial advisory and asset management firm operating from offices across North America, Europe, Asia, Australia, and Latin Ameri...
LCI Industries
Auto Parts
Supplies recreational vehicle components through diverse product lines that integrate like organ systems serve organism functions. Their windows, door...
LEG Immobilien
Real Estate
Owns residential apartments across Germany through long-term holding strategies that accumulate properties like coral polyps build reefs. Their portfo...
Legacy Housing Corporation
Manufacturing
Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses distributed through a network of independent retailers and c...
Legal & General
Insurance
Legal & General is a major UK financial services company and institutional investor, providing life insurance, pensions, investment management, and re...
Leggett & Platt
Manufacturing
Leggett & Platt is a diversified manufacturer that designs and produces engineered components and products found in homes, offices, and automobiles. T...
Lego
Toys/Manufacturing
Danish toy company founded in 1932 that faced near-bankruptcy in 2003-2004 after diversifying away from core brick business into theme parks, video ga...
LEGO Group
Toys & Games
Manufactures interlocking brick systems with standardized interfaces that enable unlimited recombination, like DNA base pairs combine into endless gen...
Lehman Brothers
Investment Banking
The fourth-largest U.S. investment bank, Lehman Brothers collapsed in September 2008 - the largest bankruptcy in U.S. history ($691 billion in assets)...
Lenovo Group
Technology
Lenovo is one of the world's largest PC manufacturers, producing computers, smartphones, servers, and smart devices with brands including ThinkPad and...
LexinFintech Holdings
Financial Services
LexinFintech Holdings is a leading online consumer finance platform in China providing financing options to young adults for online direct sales and i...
LG
Electronics
Diversifies across electronics, chemicals, and telecommunications like a conglomerate organism occupying multiple ecological niches. Each subsidiary s...
LG Chem
Chemicals
LG Chem is a leading global chemical company producing petrochemicals, advanced materials, and life science products for automotive, electronics, cons...
LG Display
Display Technology
Pioneered OLED screens that emit light through organic molecules, mimicking how fireflies generate bioluminescence. Their displays achieve pixel-level...
LG Electronics
Consumer Electronics
LG Electronics is a global leader in consumer electronics, home appliances, and vehicle components, manufacturing televisions, refrigerators, washing...
LG Energy Solution
Energy Storage & Batteries
LG Energy Solution is a global leader in lithium-ion batteries for electric vehicles, energy storage systems, and consumer electronics, partnering wit...
LG Household & Health Care
Consumer Goods
Markets consumer health and beauty products through brand ecosystems that occupy distinct market positions like species partition resources. Their por...
LG Uplus
Telecommunications
Operates telecommunications networks that route data packets like ant colonies direct foragers through pheromone trails. Their infrastructure dynamica...
LGI Homes
Homebuilding
Builds entry-level housing through standardized designs that reduce construction variability like honeybees build uniform hexagonal cells. Their produ...
Liberty Media Corporation
Media & Entertainment
Liberty Media Corporation operates and owns interests in a broad range of media, communications, and entertainment businesses. The company's subsidiar...
Lidl
Retail
German discount retailer with 12% German market share, part of the entrenched competition that defeated Walmart's Germany expansion alongside Aldi (18...
Linde
Industrial Gases
Linde operates global industrial gases with economies of scale in production and distribution. Network effects from on-site production facilities and...
LINE Corporation
Technology & Messaging
LINE is a major messaging app and platform popular in Japan, Taiwan, and Thailand, offering messaging, payments, and various digital services. The com...
Linux
Open-Source Software
Open-source operating system kernel started by Linus Torvalds in 1991, now maintained by 10,000+ contributors from 1,000+ companies. Linux demonstrate...
Live Nation Entertainment
Media & Entertainment
Live Nation Entertainment is the world's leading live entertainment company comprising global market leaders in live music promotion, ticketing throug...
LivingSocial
E-commerce / Daily Deals
Daily deals competitor to Groupon that raised $800M and copied Groupon's model. Illustrates how Groupon's business had no moats.
Lloyds Banking
Banking
Lloyds Banking Group is one of the UK's largest financial services groups, operating through Lloyds Bank, Halifax, Bank of Scotland, and Scottish Wido...
Lockheed Martin
Aerospace & Defense
Lockheed Martin maintains defense contracting dominance through vertical integration of aerospace and weapons systems. First-mover advantage in stealt...
LogMeIn
Technology
LogMeIn provides cloud-based remote connectivity, collaboration, and customer engagement solutions for businesses and IT service providers. The compan...
LONGi Green Energy Technology
Solar Energy
LONGi is the world's largest manufacturer of monocrystalline silicon wafers and modules for solar photovoltaic systems, driving down solar panel costs...
Loon (Alphabet)
Telecommunications
Alphabet's internet balloon subsidiary, discontinued in 2021. Failed radiation example - insufficiently specialized to any geography or use case, losi...
Lotte Corporation
Conglomerate & Retail
Lotte is a major conglomerate with businesses spanning retail, food, entertainment, chemicals, and hospitality across Korea and Japan. The company ope...
Louisiana-Pacific Corporation
Manufacturing
Louisiana-Pacific Corporation manufactures and distributes building products primarily for use in new home construction, repair and remodeling, and ou...
Lowe's Companies
Home Improvement Retail
Lowe's operates home improvement retail with economies of scale in purchasing. Network effects from store locations and mutualistic networks between r...
LPL Financial Holdings
Financial Services
LPL Financial Holdings is the nation's largest independent broker-dealer providing an integrated platform of proprietary technology, clearing, complia...
LSB Industries
Chemicals
Manufactures industrial chemicals and fertilizers through processes that fix atmospheric nitrogen like legume root nodules harbor bacteria. Their ammo...
LSEG
Financial Services
London Stock Exchange Group is a leading global financial markets infrastructure and data provider, operating the London Stock Exchange and providing...
LTC Properties, Inc.
Healthcare Real Estate
Owns skilled nursing and assisted living facilities through long-term leases that generate income like rent-seeking organisms occupy territories. Thei...
Luckin Coffee
Food & Beverage
Chinese coffee chain founded in 2017 that demonstrates deception collapse and frequency-dependent fraud. Grew explosively to challenge Starbucks but w...
Lululemon
Athletic Apparel
Lululemon creates premium athletic apparel through vertical integration and community building. Mutualistic networks with ambassadors and resource par...