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>Yes, you can do some Chinese Math and convince yourself WTF does Chinese Math mean?
by xiaoma 16y ago
>Yes, you can do some Chinese Math and convince yourself
WTF does Chinese Math mean?
- DanielBMarkham 16y agoSorry. It's a startup term, and has nothing to do with Chinese people. It's not meant as pejorative. The idea is that you look at some market -- say in this case the people in China -- and say something like "Gosh! If we could only get 1% of that market, we'd all be rich!" Of course, it's downright impossible to get ten people to buy your product, because it sucks, but because you are multiplying these huge market numbers by tiny percentages and still getting big numbers, you think you have a good idea. Startups have a tendency to do this with anything, but for a while the favorite example was China: "If we could only get 1% of the Chinese to buy our hotdog painting machine at ten bucks a pop, we'll all be millionaires!" etc, etc. http://www.businesspundit.com/please-stop-with-your-chinese-math/ http://www.businesspundit.com/please-stop-with-your-chinese-...
- xiaoma 16y agoAh, thanks for clearing it up. It sounded kind of bad, but now it makes perfect sense.