The 99% (of startups)
justinkan.com
The 99% (of startups)
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Re: The 99% (of startups)
#2"I was successful even though there was a long time that I thought I wouldn't be all that successful, and I've gotten to where I am because I believed in myself."
I paraphrase, but Poe's Law is in full effect here.
Re: The 99% (of startups)
#3“Watching people play video games is a niche” is now “I’m in charge of our consumer, marketplace and esports investing.” Fuck them. Build your business. Thank You Justin, just what I needed today !
Re: The 99% (of startups)
#4"I was successful even though there was a long time that I thought I wouldn't be all that successful, and I've gotten to where I am because I believed in myself." I paraphrase, but Poe's Law is in full effect here.
But what about respecting the Principle of Charity [0]? Once we do, then we shouldn't we also apply the Precautionary Principle [1]? We find that, if we do, then what the OP prescribes (lead, not silver, bullets) is hardly worth questioning, since otherwise we are claiming there are hidden risks of hard work (which, to be fair, do exist; burnout et. al are not pleasant to deal with in reality). I think that we can agree this (that we should not strive to work hard, especially after rejection) is harder to accept.
Re: The 99% (of startups)
#5"I was successful even though there was a long time that I thought I wouldn't be all that successful, and I've gotten to where I am because I believed in myself." I paraphrase, but Poe's Law is in full effect here.
I disagree with your interpretation. I think Justin is saying,
"If the fundamentals of your business are good, believe in the data even when investors don't recognize its value. Eventually, they will."
Re: The 99% (of startups)
#6These investors aren't paying enough attention to their children / their colleague's children.
I would think that this guy's fame would have made this market opportunity super-obvious.
https://en.wikipedia.org/wiki/Joseph_Garrett
With his own personalized collection of Minecraft toys and all:
Re: The 99% (of startups)
#7These investors aren't paying enough attention to their children / their colleague's children. I would think that this guy's fame would have made this market opportunity super-obvious. https://en.wikipedia.org/wiki/Joseph_Garrett With his own personalized collection of Minecraft toys and all: http://amzn.to/1O4VQNi
There's a big difference between YouTube fame and Twitch fame. Counterintuitively, there's actually little overlap.
Relaively few YouTube gaming celebrities stream due to quality control. Twitch celebrity streamers use YouTube primariy to host stream highlights as Twitch's VODs are not convenient.
Notably, YouTube Gaming, which was YouTube's Twitch competitor, failed miserably since there was no clear advantage to switching from Twitch (among UI/Content ID/monetization issues)
I know many YouTube gaming celebrities who have become successful enough for merchandizing, but not any Twitch celebrities. They're separate markets.
Re: The 99% (of startups)
#8These investors aren't paying enough attention to their children / their colleague's children. I would think that this guy's fame would have made this market opportunity super-obvious. https://en.wikipedia.org/wiki/Joseph_Garrett With his own personalized collection of Minecraft toys and all: http://amzn.to/1O4VQNi
There's a big difference between YouTube fame and Twitch fame. Counterintuitively, there's actually little overlap. Relaively few YouTube gaming celebrities stream due to quality control. Twitch celebrity streamers use YouTube primariy to host stream highlights as Twitch's VODs are not convenient. Notably, YouTube Gaming, which was YouTube's Twitch competitor, failed miserably since there was no clear advantage to sw…
I don't disagree.
I used Stampy Cat to make the market point, because there were hints that the "alright, let's play this game" spectator video was going to be a big thing, even before Twitch was Twitch.
This guy has been operating since Minecraft was in it's infancy, and he had a large following before Twitch was a big thing.
Re: The 99% (of startups)
#9"There is a tremendous amount of excitement about the top 1% of startups, but there are hundreds if not thousands more startups that will make their founders and investors rich."
I cannot agree more with Justin and we have had several investment cases like that.
Re: The 99% (of startups)
#10[deleted]