3 ms·
>"If you know how big the market is, you're too late." -- quote I saw somewhere I absolutely love this! Thanks so much for sharing. I've always hated size-of
by logicallee 10y ago
>"If you know how big the market is, you're too late." -- quote I saw somewhere
I absolutely love this! Thanks so much for sharing.
I've always hated size-of-market analysis. It always rings hollow. Your quote is a pretty good reason for why....
- gumby 10y agoYes, but... Your answer to this single question actually addresses a bunch of other question (i.e. it's a signifier for a question cluster): - Are you creating a new market or entering one with existing players? - Are you taking an $YB market and growing it or taking revenue from others (presumably by undercutting them) - Do you understand the motivations of your buyers (i.e. if you're selling motorbikes your customer base isn't all who need powered transport). I raised $20M for Talima without any market size projection -- but I did understand the market (aging baby boomers with disposable income who, as they aged, would need the product). The macro numbers were enough.
- ScottBurson 10y agoWhat's Talima? All Google is giving me is a resort in the Philippines. Since I'm an aging boomer, maybe it's something I need :-)
- a_small_island 10y agoI searched "Talima crunchbase" and came up with this: https://www.crunchbase.com/organization/talima-therapeutics#/entity https://www.crunchbase.com/organization/talima-therapeutics#... Not sure if that's accurate, but they have received ~20M in funding.
- danieltillett 10y agoSounds like it did not go so well. What was the postmortem.