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They way you compete with Google et al, is to find a niche they think they’re serving, but in reality completely suck at.
by jonathankoren 8y ago
They way you compete with Google et al, is to find a niche they think they’re serving, but in reality completely suck at.
- hayksaakian 8y agoIf someone would like an example here, check out this animated video filters (see snapchat, tiktok etc). Just because Google et al have the underlying technology, doesn't mean they're the best at creating a product that uses that tech. Certainly gives them a leg-up to get started, but it's not the end-all be-all.
- deleted 8y ago[deleted]
- chongli 8y agoBut to do this successfully you have to hit the bullseye, grow extremely quickly, and have a strong moat. Otherwise, one of the big companies will either clone you (or buy out a startup who has cloned you) and leverage their dominating market position into serving your niche somewhat better than completely sucking at it, as they had before.
- jonathankoren 8y agoBeing bought out is an exit. Hardly a failure.
- dredmorbius 8y agoThat really depends. If you're being bought out at X to prevent you from reaching 10X or 1,000X, it's a loss. Is it an offer you can or cannot refuse?
- jonathankoren 8y agoFuture value isn’t set in stone, and the marginal value of a dollar decreases.