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richie is foraging
@richie
I've launched many products - some did well, some fell flat. The difference? Whether I caught the wave. Startups are like surfing: • The wave is the market opportunity • The surfboard is your product So, how do you spot an opportunity? Here's what you need to know: Many new founders obsess over building the perfect surfboard. They spend months optimizing every detail - but they never stop to ask: Is there even a wave to ride? The truth is, no matter how great your surfboard is, you're going nowhere without a wave. Waves come from disruption - the iPhone created massive ripples across industries, ChatGPT is doing it now, and regulatory changes create new opportunities. The key is asking the right questions: • Can I get in the water in time to catch the wave? (Speed to market) • Am I on the beach watching others ride it? (Too late) • Am I in the water, but the wave isn't here? (Too early) LLMs are causing a wave right now that will touch every industry. During our latest pivot… 1/2
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Test
@cryptoniooo
The question founders need to ask is, is there a wave for this specific board that I've been building? I think before we all get started, there should be some sort of MVP or just mock-up designs and go up to the market and get feedback. Do you need this product? Do you find it useful at all? And then you start building. As it can be just so easy to sit on a laptop and start building something, but then the realization comes. There will be no users. And sure, sometimes there will be because there's a market hype. Like the example you say, the wave to your product. And it can be a total hit or a complete miss. And how many times as founders do we repeat this until something gets traction and goes to market? I think this is a crucial lesson as there's only a limited number of users out there for your product.
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