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>Execution sounded pretty reasonable >Misjudged the market This business was a pure play "do this thing you already do, but now with a computer" model. Unders
by vonklaus 12y ago
>Execution sounded pretty reasonable
>Misjudged the market
This business was a pure play "do this thing you already do, but now with a computer" model. Understanding the market IS the execution. He subbed out the design of the site and frankly most of the actual company. So really, the "execution" was essentially knowing product/market fit. I would argue the execution was, in fact, horrible. He did non-representative research, tried to start at full scale, and had no idea what sort of market he was operating.
>failed to pivot when his launch did 12 orders first week.