I'd argue with need for domain expertise. FB/Youtube/TWTR/NFLX had none in media, Tesla/Waymo in Autos? Rocketlab/SpaceX in space? AMZN in retail? AirBnB in hotels? Uber in transportation? Expertise is best hired or it misdirects to extrapolating the past vs. inventing the futurehttps://twitter.com/paulg/status/1330216843320111106 …
These founders didn't have domain expertise in the *legacy* businesses they undermined, but they had domain expertise in the new world they were creating. The Airbnb founders, for example, were the first hosts.
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And while Bezos may not have had experience in bookselling, the operative word in "internet bookseller" is "internet," not "bookseller," and he knew way more about that than most people before starting Amazon. Etc, etc.
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Agreed. She specified software expertise which still applies to any software company regardless of its vertical.
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Isn’t domain different than the way of doing something in the same domain? Domains are where the budget and stakeholders align, that alignment can always we made more efficient, economical & fast Imho, great founders change behaviour at scale, irrespective domain expertise
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For e.g. I have Zero domain expertise in recruiting or how companies hire, what I have is the courage and the ability to question the status quo, by doing it differently and showing results - speed, cost, quality And sure that makes me a founder that people wouldn’t bet on
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Correct!!! Domain Expertise does not necessarily means orthodox knowledge...
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Jesus didn't go the pharisees way...
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But then this is true for everything one is set out to achieve — in a new field/industry with niche audience — and becomes relatively difficult in a rent seeking institutionalised market.
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Sounds like you’re really saying they had a clear vision for these future domains yet to exist
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“At least one of the founders should be an expert in what you're working on. Which means if you're starting a software startup, at least one of the founders should be a programmer.” IMHO she’s mainly just arguing the team should have the expertise to build their own MVP.
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I respect
@vkhosla. When I tried to raise a round a couple years ago, he was the kindest of all the investors when turning me down. But I think these arguments against domain expertise are a bit straw-men. It is important to understand what you’re building enough to build it.
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