updated 1y ago
How To Decide What To Build
- Here are some high-level examples of strategies:
- Tesla: Build a high-priced sports car → Use that revenue to build an affordable car → Use that revenue to build an even more affordable car → While doing so, also provide zero-emission electric power
- Uber: Launch Uber Black → Bring prices down by launching UberX → Bring prices down by launching Uber Po
from Mission → Vision → Strategy → Goals → Roadmap → Task by Lenny Rachitsky
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The right answers to “Why are you building this?” tend to be personal. Travis Kalanick and Garrett Camp built Uber because they couldn’t get a cab in Paris at a technology conference.
from Angel: How to Invest in Technology Startups—Timeless Advice from an Angel Investor Who Turned $100,000 into $100,000,000 by Jason Calacanis
- If Facebook or Snap were rocket ships, Uber or Instacart are tractors - it’s all about the ratios. For these kinds of companies, you need to have a pretty good idea of the unit economics before you start.
from Rocket ships and tractors by Benedict Evans
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