Startups that have one red flag usually have several. E.g. a startup with a made-up idea is more likely to have apparently unrelated problems, like a wildly uneven equity split, or founders who haven't worked together before.
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Bezos was hardly a “domain expert” in selling things on the internet though. I feel your domain expertise condition falls apart with both Amazon and Airbnb. Would love to hear a better explanation though
When Amazon was founded, no one was a domain expert on selling things on the internet.
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I suppose the domain expertise here is that Bezos had bought things. And a lot of domain expertise is understanding what customers for a certain thing want.
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HPLE - “high potential, low experience” to become domain expert with early mover advantage? https://twitter.com/joedmarti/status/1272730357490581506?s=21 …https://twitter.com/joeDmarti/status/1272730357490581506 …
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Paul have you got an theories on Sir Richard Branson’s Virgin ? Entered Airlines, Records etc without any experience as such..
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