3 ms·
I was following along Bezos, who of course can be wrong and you of course may be write. Bezos' point was: >> On the other hand if a market is established, to w
by alexro 15y ago
I was following along Bezos, who of course can be wrong and you of course may be write. Bezos' point was:
>> On the other hand if a market is established, to win market share startups must differentiate their products by better serving the customer. <<
And it generally means not coming up with an idea but following the already established customer pain. And in this situation execution matters more.
- cek 15y agoI'll give Jeff the benefit of the doubt and assume he mis-spoke and is not actually wrong :-). As with any taxonomy (or tool) one can over analyze.
- alexro 15y agoI think Bezos' argument is a very practical one. In the established market there are already lots of customers with pain. They know what they want and ready to pay for it. So you follow them and fulfil their needs. Then you have the resources to innovate.