What about coming up with ideas in the first place?
Charles Ngo recently wrote about market inflections, which he considers the easiest way to think of million dollar ideas 💰
One of the six inflections he mentions is “platform inflection”:
think about all the businesses built off of YouTube, Facebook, the Apple App store, and Amazon.
A big takeaway here is timing.
It’s much harder now to build a YouTube audience than 10 years ago.
It’s much harder now to build an Instagram audience than 10 years ago.Take a look and research what emerging platforms there are because there’s always an advantage in being a first mover.
Charles gives the example of Charli D’Amelio, who has 80+ million followers on TikTok despite starting from scratch in June 2019 🤯
Could Charli have built such a big following on YouTube or Instagram starting last year?
Doubtful.
Written by 
