Blue apron holdings stock price6/25/2023 You can’t wait for someone to hand you a roadmap. You have to overcome inertia, have an unbelievable amount of conviction, and be willing to drive through brick walls. To mix our metaphors, before a founder starts building their castle, they have to make sure they’ve picked the right piece of land.īuilding an enduring company is ridiculously hard. First-party retailers are valued very differently from third-party ecommerce sites. SaaS companies have a different range of opportunities than on-premise software makers. Let’s say you win the whole thing - is the prize worth winning? The game is long and hard, and some markets are more rewarding than others. Third, we take a close look at the market you’re going after. As an extension of this, we want to see creative thinking around go-to-market strategy as well as product. That’s one of the strongest data points you can offer. If there are people using your product or service who wouldn’t know what to do without you, we want to hear about it. We reached out to the company and invested. Several years ago, we heard a handful of the founders in our community raving about a new business intelligence tool called Looker. Second, if you have a product in market, a small group of passionate early customers is a strong indicator for us. What do you understand about a market or a need that no one else does or that other companies in the space get wrong? And why is your company the most likely to win at addressing this gap? Above all, we look for compelling and contrarian insight into how the world works.
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