🏛 Ways to think about market size
A very very interesting approach to look at market size differently. Highly recommended to anyone who is in the startup idea brainstorming stage.
Ways to think about market size. - Benedict Evans
When you try to work out the market potential for something fundamentally new, you're actually trying to resolve two, linked problems. First, you have to look past what it is now, and see how much better and cheaper it might become Second, you need to think about who would buy it now, and who else
🎤 The Unusual Signs of a Billion Dollar Company, with Elad Gil
Very interesting insight on angel investment. Some interesting points:
- you tend to overestimate all the other companies in the ecosystem because you apply a view of, “Hey, this is the next Airbnb or this is an extract of things.” For example, half of the unicorns, the billion-dollar market cap companies are not really worth a billion dollars, right?
- Sometimes the company almost runs on its own, irrespective of what the founders do, as long as they have enough of an advantage or there’s a network effect that will sustain them.
- A bad answer to the $Billion dollar question is a strategy of: “We’re starting off doing this one thing, but we’re going to pivot later into this other thing, based on the momentum of the first thing and therefore we’re going to be big.”
🎶 Daft Punk - Giorgio by Moroder
The story is inspiring. It almost feels like a startup story.