added by sari · updated 2mo ago
Picking a wedge
- To pick a wedge, find a large market and then:1. Pick a very narrow (and very painful) problem2. Pick a very specific segment of people to solve that problem for
from Picking a wedge by Lenny Rachitsky
Ted Glasnow added 2y ago
- A wedge is simply a strategy to win a large market by initially capturing (1) a tiny part of a larger market or (2) a large part of a small adjacent market.
from Picking a wedge by Lenny Rachitsky
Ted Glasnow added 2y ago
- To pick a wedge, find a large market and then:
- Pick a very narrow (and very painful) problem
- Pick a very specific segment of people to solve that problem for
from Picking a wedge by Lenny Rachitsky
Sarah Wong added 2mo ago
- The more entrenched and competitive the market, the more valuable a wedge will be.
from Picking a wedge by Lenny Rachitsky
Sarah Wong added 2mo ago
- A wedge seems most essential when you’re going after a market that is (1) entrenched or (2) crowded. When it’s hard to break in head-on.
from Picking a wedge by Lenny Rachitsky
Ted Glasnow added 2y ago
- A wedge is simply a strategy to win a large market by initially capturing (1) a tiny part of a larger market or (2) a large part of a small adjacent market.
from Picking a wedge by Lenny Rachitsky
Sarah Wong added 2mo ago
- A wedge gives a startup a number of advantages over its competition—primarily driven by having a narrower, more precise focus: 1) With a more focused value prop, your pitch and sales process become quicker and easier, which drives more revenue that you can reinvest in growth and the product 2) With more customers, you can more quickly build social ... See more
from Picking a wedge by Lenny Rachitsky
Ted Glasnow added 2y ago
- a good wedge:
1. Is narrow and focused—solves a very specic problem, for a specic group, extremely well2. Builds momentum—can be sold quickly and keeps customers coming back3. Naturally extends into a much bigger opportunity—more product, more revenue,more users4. Avoids competition—the whole point is to give you an easier path5. Is hard to replicat... See morefrom Picking a wedge by Lenny Rachitsky
Ted Glasnow added 2y ago
- “The wedge metaphor to me is most useful in making sure you’re not a blunt instrument trying to chop into a market by being everything for everyone, but instead the sharp blade with extraordinary focus on a specific persona/use case to start.”
from Picking a wedge by Lenny Rachitsky
Sarah Wong added 2mo ago