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Dec 25, 2020 · This accessible work explains the big questions of contemporary economics: how do markets work? Why do they work? Why are they better than alternative systems of organizing economics? And why, sometimes, do they fail catastrophically? Includes bibliographical references and index. pt. 1. The Issues -- 1.
Oct 16, 2023 · Markets. We believe free markets are the most effective way to organize a technological economy. Willing buyer meets willing seller, a price is struck, both sides benefit from the exchange or it doesn’t happen. Profits are the incentive for producing supply that fulfills demand. Prices encode information about supply and demand.
- Tren Griffin
- “Give me a giant market — always.” “Arthur Rock is the representative of: you find a great entrepreneur and you back him. My position has always been: you find a great market and you build multiple companies in that market.”
- “A value hypothesis is an attempt to articulate the key assumption that underlies why a customer is likely to use your product. Identifying a compelling value hypothesis is what I call finding product/market fit.
- “You often stumble into your product/market fit. Serendipity plays a role in finding product/market fit but the process to get to serendipity is incredibly consistent.
- “You can always feel when product/market fit isn’t happening. The customers aren’t quite getting value out of the product, word of mouth isn’t spreading, usage isn’t growing that fast, press reviews are kind of ‘blah’, the sales cycle takes too long, and lots of deals never close.
Jul 17, 2023 · In Markets without Limits, Jason Brennan and Peter M. Jaworski give markets a fair hearing. The market does not introduce wrongness where there was none previously. Thus, the authors claim, the question of what rightfully may be bought and sold has a simple answer: if you may do it for free, you may do it for money.
- Connecting The Dots
- Not Having A Product-Market Fit Immediately Is Not A Big Deal, Unless…
- The Issues in PMF Estimation
- 🦄 About IOSG
“Ironically, once a startup is successful, and you ask the founders what made it successful, they will usually cite all kinds of things that had nothing to do with it. People are terrible at understanding causation.But in almost every case, the cause was actually product/market fit.” Investors seem to be terrible at understanding causation as well....
Finding the PMF can be a very long process requiring constant iterations. The issue, however, arises once project implements aggressive growth strategies without achieving the PMF. As there is a high risk that the project won’t hit the PMF in their first attempt, aggressive liquidity mining combined with the version 0 of the product generally leads...
Speculation in crypto starts even before the token launch. Do high user numbers suggest that the product has found a PMF or the majority of users are just pre-mining the token because the project announced a seed round with Paradigm? There are certainly many nuances in finding and estimating the PMF and in choosing how much value to place on the ma...
IOSG Ventures, founded in 2017, is a community-friendly and research-driven early-stage venture firm with offices in China and Singapore. We focus on open finance, Web 3.0 and infrastructure for a decentralized economy. Our portfolio covers more than 60 projects, including Layer 1 (NEAR, Polkadot, Cosmos), DeFi (1inch, Synthetix, UMA, Dodo, Liquity...
Jun 6, 2023 · A technology-infused market economy is the way we get closer to delivering everything everyone could conceivably want, but never all the way there. And that is why technology doesn’t destroy jobs and never will.
People also ask
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© 2021 Andreessen Horowitz | 4 L ast February, we introduced the a16z Marketplace 100, a ranking of the largest consumer-facing marketplace startups and private companies. The series was a hit, spurring debate about the evolution of marketplaces and promising new consumer categories. Then COVID turned into a pandemic.
