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androidsixteen
@androidsixteen.eth
Conventional Silicon Valley wisdom biases towards being “early” to markets rather than being “late”, but this isn’t an absolute — it’s a trade-off just like everything else in life If your product is addressing a market need that isn’t fully there yet (ie. you’re “early”), then the risk taken is around surviving long enough for the market to mature. You can allay this by being lean, achieving ramen profitability, or raising a fat war chest to ride it out Conversely, if the market is already here (ie. you’re “late”), then you’ll face more competition from other products. You’ll have to battle for customers, and the risk becomes more about sales and speed of execution Personally, I prefer the former. The stress of a competitive category is exhausting, and I’d rather build a product for a market that shows glimpses of maturity. That way, when the market arrives in full, you will have had time to build a great product experience and can just scoop up customers
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phil
@phil
Easier said than done
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androidsixteen
@androidsixteen.eth
Which part lol
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phil
@phil
Waiting for a market to appear
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androidsixteen
@androidsixteen.eth
Have you ever played in a red ocean category? Ages you fast Would much rather deal with managing my own psychology and playing the endurance game
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phil
@phil
I’ve worked in email (the oldest captured software category) and onchain generative art (brand new) Different, but the uncertainty of waiting for a market to appear is a massive leap of faith, especially because the opportunity cost is constantly beating on your head. If you’re wrong in an existing category, you can go work for a competitor. If you’re wrong in a greenfield space, you’re a niche weirdo with few transferable skills.
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