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There are actually pretty straightforward reasons why it's not necessarily optimal to be first-to-market. Someone else has already tons of research into product
by opportune 8y ago
There are actually pretty straightforward reasons why it's not necessarily optimal to be first-to-market. Someone else has already tons of research into product-market fit and made mistakes along the way that you can emulate and learn from respectively. They've also jump started demand in the market for a similar product that perhaps has different features/quality/pricing
- jainmukesh 8y agoYou don't always have to take an unknown path. Many times there are inefficiencies in the current businesses which you can try to solve. Also there may never be a perfect idea unless it is put to execution. I run a community board for deals https://flagdeals.in https://flagdeals.in