Telling me your product is “email”, makes me assume it’s similar to other email solutions. I will expect your competitors to be GMail or Outlook and your pricing will be similar. I will expect it to have an inbox and a way to filter spam. On the other hand, if you tell me your product is “chat” I will make completely different assumptions and I wil

“all alpha in vc is basically a derivative of having a variant view on TAM”

VC business model isn't to build a traditional profitable business that beats the competition by providing a superior product/service for a competitive price. It is to dominate the competition by subsidizing the real cost to consumers, until you have taken over the market and can raise the price and lower the quality of the product/service.

“A little learning is a dangerous thing”

People who know only a little do not understand how little they know and are therefore prone to error.

This quote is from a poem by Alexander Pope.