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Why startups fail by Kunal Shah (limited value skew?)

A detailed account of a Fastlane process...

MJ DeMarco

I followed the science; all I found was money.
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Thought this was a good article and a bit relevant to us Fastlaners, even though many of us aren't trying to creative billion dollar disruptive companies.


Basically it supposes that you need to have a cumulative value skew to the minimum magnitude of a 4 to create massive wealth.

If the value of the current competition's offer is a 3, and yours is a 7, your company can create wealth. (Delta 4).

I think 4 is good, but I think 2 or 3 is sufficient to generate personal wealth.

Some other decent takeaways therein.
 
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Andreas Thiel

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Thought this was a good article and a bit relevant to us Fastlaners, even though many of us aren't trying to creative billion dollar disruptive companies.


Basically it supposes that you need to have a cumulative value skew to the minimum magnitude of a 4 to create massive wealth.

If the value of the current competition's offer is a 3, and yours is a 7, your company can create wealth. (Delta 4).

I think 4 is good, but I think 2 or 3 is sufficient to generate personal wealth.

Some other decent takeaways therein.
Interesting. Noticed I am looking to launch something between "After Effects" and "Explainer Video" tools (Biteable?). Might have to look into Canva, too.

Will think about what the implications are for my functional concept - even if I am worrying mostly about reaching the 500 customers / 5,000€ revenue per month milestone at this point :happy:.
 

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