What’s the lesson for a startup?
Did any competitors exist before these applications showed up?
How would a traditional angel/VC compute total available market for any of these applications?
Bottom Line: Be different, not better.
By Richard Piotrowski CFA is a former #1 ranked securities analyst, and the Managing Partner of Outram Research LLC, which focuses on assisting startups and prospective turnaround companies define an executable product strategy, competitive strategy, and an exit strategy. You can follow Richard on Twitter: @Angelpitchdoc. He can be reached at email@example.com, or at his blog: angelpitchdoc.wordpress.com. Also check out our website: www.outramresearch.com