Silicon Valley expects you to start a company by finding a problem you have yourself, solving it, and it being a problem for others. But Amazon’s story was basically, “I did the math on this new thing’s growth, then systematically found the ideal product to play into it.”
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Lambda School is kind of that way. Of course I have endless stories about incredibly smart friends with crappy jobs, but honestly it was seeing a very broken but huge market I thought we could wedge our way into and win that made me take the leap.
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If a market is big enough you’ll be surrounded by its broken-ness. You don’t have to have huge personal medical bills to know how broken the healthcare industry is and to want to fix some small piece of it.
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Yep. “I built a product I needed and stumbled into this gold mine” might work for the first few years. Anyone scaling a successful co for 10+ probably thought about it strategically.
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100% agree with you on this. Write more about it if you have time.
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worth observing that in many problem spaces the customer base with the pain point isn't so good at software, meaning that the markets where developers are unlikely to be are precisely the best opportunities! (True of commercial solar industry in need of finance, eg : )
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This is absolutely true.
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@navydish - your hypothesis! :DThanks. Twitter will use this to make your timeline better. UndoUndo
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It could also be that the ability to see a problem comes from some personal experience with that area. Rarely does an accountant say “Med school is broken”, but he/she might say “The primary care model sucks for patients (like me).” Then they start pulling at the thread.
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Healthcare *is* broken. Realize lots of people profit mightily on the dysfunction
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VCs do this all the time too “Ah, yes, we are totally thesis based We were actively exploring all of all these ideas before talking to the founders.” False and not even a good investment strategy
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It’s turtles all the way down on this.
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Preach bro! This is the case for most...
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Man you’re on point! It’s funny because when I tell my story people are confused and wonder “how??!” Small minded people can only see something happening 1 way.
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Yes I bet you’re right
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That's why you and Bezos are businessmen; some folks who start companies become businesspeople and others don't - they remain starters of entities with funding.
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It's a vicious cycle. Narrative drives coverage which drives more narrative until it becomes a trap - the story becomes embellished to the point lies creep in. From that point on you're trapped by your own lies. I regret the idea that a narrative matters.
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Pretty sure that comes by default once comms ppl are hired post series b or at the very least c.
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