3 ms·
Ok, so I'm confident in declaring your assumption false. This isn't a green-field market where the first credible entrant has a reasonable chance of capturing a
by mseebach 12y ago
Ok, so I'm confident in declaring your assumption false. This isn't a green-field market where the first credible entrant has a reasonable chance of capturing a large part in one go, it's a mature, slow and conservative market. They are extremely unlikely to read about a new shiny thing on a blog, decide that afternoon to start using it, and in that decision cut out the superior product that launches two months later.
Sure, by the time they've decided to use a new thing, they are unlikely to change again soon, and if, at the time some team is evaluating a new system yours isn't on the market, you wont be considered.
So take a deep breath, stop sweating "first to market" startup tropes, build a good product and start thinking about how you're going to sell into this market instead that's probably a much bigger challenge than building the product in the first place.
- mtrimpe 12y agoHaving sold a product to the recruitment market for a while I can wholeheartedly confirm this. There's no first mover advantage here; there's only a "most able to convince people to switch from 90's tech to 00's tech"-advantage. FWIW We sold video interviewing software and decided to abandon recruitment because the market had low requirements for software quality / innovativeness and high requirements for stability and track records; which was the polar opposite of what we offered. Additionally; ATS integration was paramount for all large players. ATS providers knew that and charged for it at levels only heavily funded companies could afford.