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A market with a successful competitor can be a good sign of consumer demand. However, a market with dozens or hundreds of failed/stagnant startups and no stando
by jacoblyles 13y ago
A market with a successful competitor can be a good sign of consumer demand. However, a market with dozens or hundreds of failed/stagnant startups and no standout winners is a bad sign that you are working on a startup fad.
- vbl 13y agocough Smartphone-based loyalty cards cough
- thrush 13y agoHave you heard of Belly?
- jacoblyles 13y agoI had four or five examples ready to go, but I didn't say them because I know people working on each of them :) The startup fad that caught me was a phone app that helps you meet strangers near you. I thought I was being unique and clever, but then a hundred other startups came out in the space and failed spectacularly. The only one that survived was grindr.
- thrush 13y agoHardly. Highlight is pretty active still.
- mikecane 13y ago>>>is a bad sign that you are working on a startup fad Or a good sign that everyone else is doing it wrong and there's still room for someone to do it right. He cited the iPod. Nuff said there.