Startups that rely on data models and AI/data science algorithms for running their business will only get better with time. Moreover, as time passes they have leverage over newcomers. Making it really hard to overthrow a leader in a vertical. In this space I think there can be 2
Product studios is a 21st century ecosystem that supports creativity and innovation. They could be the next step for the startup world. With apps available now that makes it easy to build applications, websites and services using intuitive and graphical tools the cost for trying something out has gone down.
Achieve productivity : A team that can work together and make progress. And all the basic roles of a leader, coordinator, worker etc. are met within the small group. Product market fit : The product that the group is building is wanted by a market. And the market is willing to pay
Product-Market fit is a stage during the initial days of a startup when the product and users align. Sam Altman characterizes it as when the user start talking about your product to others on their own. Paul Graham’s definition: Product market fit is when you build something that
Peter Thiel in his book Zero to One, listed 7 questions a startup must answer in order to make it big. The Engineering Question: Can the technology create a 10x improvement rather than an incremental improvement? Is the superiority in technology going to be obvious to the customer? The Timing
TransferWise is an online money transfer service. TransferWise offers transfers at the mid-market rate, i.e. the rate that you would find on Google. Other banks and transfer services usually offer a higher rate and make a profit out of it. TransferWise uses smart matching to match your transaction to
Flexport provides a digital solution for businesses to transport and store goods globally. The freight forwarding industry has been scattered and subject to regulations that are specific to the country. Customs handling is also an arduous task around the world. And to top it all off, the mammoth effort required