Don’t start a company if the product isn’t indispensable.
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Yeah I agree with Matt (and I think this is the first time I've disagreed with you Nivi). Startups are too unpredictable. It's more important to just start! Pivot, iterate, modify until you get something with competitive advantage. Also there are a lot things that are...
Indispensable without being good businesses to start. Your car, your mobile phone, life vest, etc. Ive started 3 businesses. 2 are profitable. 1 not yet. None sell indispensable and all 3 had to pivot multiple times until they got product market fit.
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It's very difficult to find a vulnerable market and build a product that serves that market without exploring. People dedicating time and energy to these ideas often need reassurance this is worthwhile, which is why you start a company to explicitly resolve this.
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Facebook genesis stories are few and far between and honestly toxic to the world of entrepreneurship. Most successful companies like you mentioned explore, build and iterate till they find PMF.
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