How I would choose my next startup idea:
1. It must be a product in a growing market. Startups can take years or even decades to fully develop, don’t risk creating an amazing product just to have the user base dry up.
2. The value of the product must increase over time. For
How I would choose my next startup idea: 1. It must be a product in a growing market. Startups can take years or even decades to fully develop, don’t risk creating an amazing product just to have the user base dry up. 2. The value of the product must increase over time. For
I just talked to a founder whose startup is growing "only" 25% a year and thus felt he needed to get bought. I explained that if he did, he'd need to find somewhere to invest the proceeds, and he'd be unlikely to find any investments that grew at 25% a year.
If you focus on near-term growth above all else, you miss the most important question you should be asking: will this business still be around a decade from now?
Peter Thiel, Blake Masters • Zero to One
stick to niches and run screaming for the hills from large markets.
