Choosing your business model revenue stream
Staying true to your own business path
One thing I’ve been reflecting on is what I’m learning from people going from 1 - 10 (past traction but still refining customer base, channels, pricing, etc) and how much they focus on making their customers happy and being of value to their network.
I always visualise this product lifecycle when I think about the trajectory of products/services in markets
Look at Meta, as big as they are they have cannibalised their positioning and strategy seem’s off. Apple’s betting early on Vision glasses and even though I don’t know if it will be a success or not, we can learn a lot by choosing what game we choose to play.
I take more time taking into consideration sources, how much people understand where one is, and how their business works when it comes to the advice they give.
Without any baseline whatever actions you take (and not taking any action is an action) we learn more and can work with real data.
Don’t get pulled into other people’s games, fears, and biases. Better to play your own game and keep score for yourself.
Play long games with long people - it’s more fun.
Upcoming Opportunities & Events
Angel Investor looking for consumer & health tech startups. Link
If you’re building an Enterprise B2B AI company or SAAS you can pitch for £250K. Link
Thoughts & News I wanted to share with you
On top of the first mover ChatGPT technology, we’ve had more and more companies leveraging interesting use cases around AI. Otter’s new AI chatbot can
answer questions about your meetings. Link
As it moves to shut down third-party apps, the site’s self-governing ethos comes back to haunt it. Reddit had its own blackout moment where users protested about moderator treatment. If you’re running a community this could be interesting. Link
Musk significantly downsized the Spaces team, reducing it to only three members. Link
If you’re worried about whether AI will take over the world and kill us, Marc Andreeson who wrote about software eating the world wrote an interesting piece about why AI will save he world. Link
Photo Credit: @Manasseh Johnson Sr