My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“Market timing beats team quality - if you pick the right market, bad team and product can still succeed.”
What It Means
Choosing the right market opportunity is more important than execution quality for startup success
Why It Matters
Challenges conventional wisdom about team and product being most important success factors
When It's True
When markets are experiencing rapid growth with desperate customer demand
When It's Risky
When assuming market demand will persist or that execution doesn't matter at all
How to Apply
Spend more time on market research than product development initially
Look for markets with customers begging for solutions
Time entry with regulatory or technological inflection points
Example Scenario
“Coinbase succeeded despite constant crashes because crypto market demand was so strong customers tolerated poor experience”