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I could be wrong, but I think you're asking the wrong questions, if you plan on being a startup. The question you should be asking (yourself) is: "what do I hav
by cellis 19y ago
I could be wrong, but I think you're asking the wrong questions, if you plan on being a startup. The question you should be asking (yourself) is: "what do I have a competitive advantage in"? Call it what you want and classify it however you will -Zipfs law, paretos curve, The Long Tail, Common Sense - and you will find that competing in the "most profitable online markets" is no sure way to profitability. Its winner-take-all (almost), so don't let the dollars distract you.
- edw519 19y agoYou're not wrong. You could also say, "What do I HAVE to do?" If there's something you just have to do (for whatever reason), forget about market size. Do it. SuccessProbability = (Ability + CompetitiveAdvantage + Preserverance) * Passion If Passion = 0, nothing else matters. Market size doesn't affect the probability of success. Only the magnitude of it.