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Nope. A startup with growth potential is serving less than 5% of the total addressable market for their product – often more like 0.1%. Its challenge is reachin
by troydavis 4y ago
Nope. A startup with growth potential is serving less than 5% of the total addressable market for their product – often more like 0.1%. Its challenge is reaching product-market fit and then cost-effective distribution/awareness.
When prospective customers provide competitive feedback, consider it. Beyond that, don't sweat competition.
(If you get over, say, 5%, that changes: it needs to either grow the TAM or take market share from other vendors. That's not what most people would call a startup, though.)
- the_noob 4y agoThanks for the reply ! You are indeed making some good points