Crucial Considerations
Two Crucial Considerations for a Startup:1. Market Size
2. Time to Market
Market Size
Look at the market leaders for an estimate of market size.- Apple for smartphones/tablet market
- ExxonMobil for Oil and Gas market
- Facebook for social media advertising
- Illumina for hardware sequencing
- Google for search advertising
Time to Market
A faster time to market beats all other considerations, other than market size.Because of the effect of compounding.
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