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Yeah. It's actually also against what Peter Thiel says: Be the last to enter market, to do things right I guess. Another counterexample seems to be note-taking
by baxtr 6y ago
Yeah. It's actually also against what Peter Thiel says: Be the last to enter market, to do things right I guess. Another counterexample seems to be note-taking apps. Even though this is something native to many OS, there seem to be a couple of successful players: Notion, Bear, Roamreasearch. If you solve a relevant problem for people, who cares if something similar was available before but not solving the problem?
On a larger note: There's is so much contradicting startup advise out there it almost feels useless. Dunno, maybe those people who have the real insight are just to busy to share
- erikbye 6y ago> It's actually also against what Peter Thiel says: Be the last to enter market He also said: "Every moment in business happens only once. The next Bill Gates will not build an operating system. The next Larry Page or Sergey Brin won’t make a search engine. And the next Mark Zuckerberg won’t create a social network. If you are copying these guys, you aren’t learning from them." Regarding note-taking apps, I think few of those will turn into billion dollar companies, which is what the video is about.
- baxtr 6y agoYes, and that's exactly my point. There were search engines before there was Google. Still it has become a multi-billion company. If you provide 10x value no one cares if there is competition already (depending on switching costs I guess).