A Crowded Market - Deepstash
A Crowded Market

A Crowded Market

A crowded market is actually a good sign because it means both that there's demand and that none of the existing solutions is good enough. A startup can't hope to enter a market that's obviously big and yet in which they have no competitors.

So any startup that succeeds is either going to be entering a market with existing competitors, but armed with some secret weapon that will get them all the users (like Google), or entering a market that looks small but which will turn out to be big (like Microsoft).

153

639 reads

CURATED FROM

IDEAS CURATED BY

bradhowe

Claims inspector/assessor

Bingo.

The idea is part of this collection:

The Startup Masterclass

Learn more about startup with this collection

How to start a successful business

How to build a strong team

How to market your business

Related collections

Similar ideas to A Crowded Market

You don’t need a huge target market

One of the main things that VCs are looking for is a huge target market, usually at least $1 billion, that you can address through your startup. The reason for this is simple: VCs invest in multiple startups with the understanding that some of them will fail, some of them will not grow very much,...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates