How do you know when you should pack it up and go find another fishing spot?
@derrickreimer has a good post on that here:https://www.derrickreimer.com/essays/2019/05/17/im-walking-away-from-the-product-i-spent-a-year-building.html …
-
-
Agree with that. Challenging to move that into actionable advice tho and has to be balanced with competition dynamics. I doubt you'd advise every founder you meet working on a too-niche idea to pivot to podcast hosting because there's fish there
-
The message is pretty simple: https://twitter.com/mijustin/status/1134881883169337344?s=21 … Definitely other factors as well, but I’m passionate about this one. Especially as I’ve seen how it’s affected some of my friends who have started local businesses (retail, coffee, restaurants). The market matters a lot!
- Pokaż odpowiedzi
Nowa rozmowa -
-
-
This is interesting. While we should avoid the fallacy of "if I only get 1% of this market". What type of large markets will allow small, bootstrapped startups to take 10~30% market share?
Dziękujemy. Twitter skorzysta z tych informacji, aby Twoja oś czasu bardziej Ci odpowiadała. CofnijCofnij
-
Wydaje się, że ładowanie zajmuje dużo czasu.
Twitter jest przeciążony lub wystąpił chwilowy problem. Spróbuj ponownie lub sprawdź status Twittera, aby uzyskać więcej informacji.
building
That means with the right bait and the right skill, you can catch fish too.
By the time ConvertKit showed up, MailChimp had already caught millions of fish. But that just meant it was a good fishing spot.
The opportunity existed because all the hotel rooms were booked up.
Their history, from the beginning, is about being in the same market as hotels.
