Common needs represent large markets, but the needs are largely met, and competition between solutions is fierce. Long-tail needs are often unmet and come with much less competition, but individually represent markets too small to justify the expense of development.
The big picture: this crisis is amplifying concerns brick-and-mortar operators have been wrestling with in recent years. Mainly, will on-demand and connected fitness offerings poach their members?
A phrase I heard recently and found useful: I agree with the idea, but I disagree with the tone.
Many ideas get dismissed because they are delivered in a cocky or hostile or dismissive tone—or because of who delivers them.
Separate substance from style.
Encourage employees planning to move to certain regions to choose locations near each other. If a bunch of people want to move to Texas for the sunshine and absence of state taxes, a company could build an outpost in Austin, contract a local realtor, and provide resources on the best schools and activities there (not that people need more motivatio... See more
Perhaps surprisingly, virtually all of decentralized finance, aka DeFi, consists of finite state applications. As long as you can store a handful of account balances, you can start to build arbitrarily-complex tools for people to trade, borrow, lend, etc... and you'll never have to store more than the ending balances in the long-term. This is becau... See more
On Twitter we get breaking news; on Instagram we see our friends and go shopping; on Facebook we (not me personally) join groups and share memes. On TikTok we are simply entertained. This is not to discount it as a very real force for politics, activism, and the business of culture, or a vehicle to create content and join in conversations. But for ... See more
The Consumerization of the Enterprise is a multi-decade trend that has recently hit a high water mark. But the rise of consumer-like experiences in the enterprise has left one very large and important group behind — the deskless workforce.