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This. If anything you can save time on market validation if you think you can execute or offer something unique that the existing players in the space lack.

endymi0n 9y ago
Hits the nail on the head. It's an often cited cliché, but Google wasn't the first search engine and Facebook not the first social network. That works in niches as well if you have the feeling that the current state of the art somehow seems lackluster, i.e. with Adjust in app attribution or Remerge in mobile retarteging. With a lot of mistakes learned but no baggage on board, you can often attack sooner than you'd think with clear focus. Lastly, if the main battle for a certain segment is over for more than a decade, the incumbents seem to get lazy if they continue dominating the market for too long. Look at eBay for example, or Linked.In - they have stopped innovating and basically get worse with every "Facelift", but there's still considerable demand with a lack of alternatives. It's a long shot, but possible with great execution.
samstave 9y ago
I think that what this team lacks is a comfortable domain expertise in anything other than " making a fortune on wall street" -- which illustrates how little value "money" guys provide... There is not an SME on their team in any area where they see a problem to fix - they 'only' have money. they need to augment their team with an SME in an area they are willing to fund Then here is their next problem: Who is willing to get behind this team given the statements - There is only one reality - a confident founder who can provide them the vision to build something - and they provide the funding and maybe the CFO... but they may overly think of themselves as "technical" and meddle in the running of such an enterprise - which means doom. These guys should simply take their funds and invest - not found shit. they will fail and bring down too many people (their employees) if they try...
datavirtue 9y ago
There are product spaces where one player is seen as having it all wrapped up. Other big players have no stomach to compete but small, agile startups can begin chipping away at their business quite easily. The entrenched single player often treats their current customers and prospective customers like shit.

endymi0n 9y ago

Hits the nail on the head. It's an often cited cliché, but Google wasn't the first search engine and Facebook not the first social network. That works in niches as well if you have the feeling that the current state of the art somehow seems lackluster, i.e. with Adjust in app attribution or Remerge in mobile retarteging. With a lot of mistakes learned but no baggage on board, you can often attack sooner than you'd think with clear focus. Lastly, if the main battle for a certain segment is over for more than a decade, the incumbents seem to get lazy if they continue dominating the market for too long. Look at eBay for example, or Linked.In - they have stopped innovating and basically get worse with every "Facelift", but there's still considerable demand with a lack of alternatives. It's a long shot, but possible with great execution.

samstave 9y ago

I think that what this team lacks is a comfortable domain expertise in anything other than " making a fortune on wall street" -- which illustrates how little value "money" guys provide... There is not an SME on their team in any area where they see a problem to fix - they 'only' have money. they need to augment their team with an SME in an area they are willing to fund Then here is their next problem: Who is willing to get behind this team given the statements - There is only one reality - a confident founder who can provide them the vision to build something - and they provide the funding and maybe the CFO... but they may overly think of themselves as "technical" and meddle in the running of such an enterprise - which means doom. These guys should simply take their funds and invest - not found shit. they will fail and bring down too many people (their employees) if they try...

datavirtue 9y ago

There are product spaces where one player is seen as having it all wrapped up. Other big players have no stomach to compete but small, agile startups can begin chipping away at their business quite easily. The entrenched single player often treats their current customers and prospective customers like shit.