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Competition is not market validation
11–20 of 41 posts
Re: Competition is not market validation
#12Why not check your passion and interest regardless of presence/lack of competition and then you can play a long game instead of being in a reactive state.
Being passionate and interested in a problem doesn't mean there is a market for said problem. This doesn't mean that it's not valid to feel that way, but a viable business might be hard if not impossible to build in that niche. Maybe I'm passionate about and interested in ornamental gourd futures [0], doesn't mean it's a way to build a business. [0] https://www.reddit.com/r/wallstreetbets/comments/kzoh1c/i_am...
very valid point- but people do start with passion and iterate being the keyword based on understanding users and the market - however if you jump straight into competition/market without having interests or passion then you are driven by numbers and other people and have nothing to fall back onto in terms of purpose/vision/mission -
so someone passionate in ornamental gourd futures can use the passion in it to underdtand other peoples/passion or interests in it and then in the process develop your understanding of them to feed what they are looking for coming from your evolved passion now - youtube was hotornot pics to begin with!
Re: Competition is not market validation
#13Why not check your passion and interest regardless of presence/lack of competition and then you can play a long game instead of being in a reactive state.
Depends on your passion/interest. This article is assume startup - you raise a lot of money and get a lot of people to help you build the product fast to get to the very large market. A valid strategy and can earn you a lot of money if there is a large market you can serve. However there are a lot of markets that are not that big. If your passion is something Pet Rocks - that will probably be a tiny market (it was on…
then you can passionaltey study people and find if they are not passionate in your passion then what passions they have and make their passions evolve your passions to passionately help their passions.
Re: Competition is not market validation
#14competition is for losers.
https://www.wsj.com/articles/peter-thiel-competition-is-for-...
Re: Competition is not market validation
#15My views on market validation have changed with age. What I've observed after talking to hundreds of founders is that it's now so easy for someone to enter a market that it seems like those that are successful are the ones who managed to _create_ their market. No matter how smart or how good your idea is, many many successful ventures are successful because of some intangible / hard-to-reproduce circumstance that all…
i guess its called the unfair advantage and there is even a book by the same name!
Re: Competition is not market validation
#16competition is for losers. https://www.wsj.com/articles/peter-thiel-competition-is-for-...
Sure, monopolies are great for the C-suite, but they turn out to be really bad for the end users and customers, the real losers when there is no competition.
Get in loser, we're going for a monopoly! It's all fun and games until you're locked in and enshitification sets in. I would sooner go without than get fooled again.
Re: Competition is not market validation
#17competition is for losers. https://www.wsj.com/articles/peter-thiel-competition-is-for-...
Sure, monopolies are great for the C-suite, but they turn out to be really bad for the end users and customers, the real losers when there is no competition. Get in loser, we're going for a monopoly! It's all fun and games until you're locked in and enshitification sets in. I would sooner go without than get fooled again.
That's not what i quite meant, but yeah. Competition is good for consumers.
Re: Competition is not market validation
#18Yeah customers are market validation, not merely the existence of competition.
If your competitors have customers, I think that is a sign of market validation. If they do not, then you might not either.
Re: Competition is not market validation
#19Ctrl-F: "Customer" (2 results) [both describing customers as a fungible always present entity that must deal with you]. Yea.. maybe change your focus?
But I thought money comes from investors?!?
Re: Competition is not market validation
#20competition is for losers. https://www.wsj.com/articles/peter-thiel-competition-is-for-...
Sure, monopolies are great for the C-suite, but they turn out to be really bad for the end users and customers, the real losers when there is no competition. Get in loser, we're going for a monopoly! It's all fun and games until you're locked in and enshitification sets in. I would sooner go without than get fooled again.
Please read the article before responding.