1) Assume that product differentiation is a meaningful but small contribution to eventual success; your current edge always has an expiration date. 2) Understand your market enough to be able to say why "they just build X" isn't incentive-compatible. 3) Small steps; big vision.https://twitter.com/athyuttamre/status/1016512327720394752 …
-
Show this thread
-
For startups in financial technology, I generally say some variant of "You have three years and eighteen months. Three years until they realize that what you're doing is working. Six months until they decide to do anything. A one year product cycle. And then..."
1 reply 5 retweets 40 likesShow this thread -
"... you will get hit full in the face by an organization which has every partnership it could ever want, regulators on speed dial, tens of millions of customer relationships, a marketing budget denominated in billions, and capability of hiring in any tech stack. So, move fast."
2 replies 2 retweets 31 likesShow this thread -
Different companies might have different estimates of how fast the established players are going to move, and you're welcome to them; the exact number is less important than being optimistic about your chances and appropriately respectful of the competition.
1 reply 0 retweets 17 likesShow this thread -
See the big mountain of money with the sleeping dragon on it? He was not always sleeping. Look around you: the charred bones were smart, fearless people who had trained a lifetime to do exactly what you're trying to do. Many of them were better than you.
2 replies 3 retweets 34 likesShow this thread -
Replying to @patio11
To push the analogy a bit more, what most often characterizes the one who finally slays the dragon?
1 reply 0 retweets 0 likes -
Replying to @athyuttamre @patio11
He's small, has hairy feet, possesses a secret and powerful ring, and is from the Shire.
2 replies 0 retweets 2 likes -
Replying to @john_c_palmer @athyuttamre
I was going to make the joke "His name isn't on the book about slaying the dragon."
2 replies 0 retweets 4 likes
(The version of that that isn't just wry humor is that we really, really love the narrative fallacy and that most attempts to extract a reason for why X succeeded instead of Y will tend to tell a great story but probably not a very true story. Reality was much messier and boring)
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.