A beginning startup doesn’t have the resources to build a mature product for its entire target market. It might be tempting to create a launch product that covers the basic functionality for the entire target market and leave the „luxury“ functions and features until later. This is the approach illustrated on the left of the title image. This would be a mistake, because it takes too long and at best creates marginally satisfied customers, who are of no help to a beginning startup.
Instead, startups concentrate on their Early Adopters, and they build a launch product that delights them. This is the approach shown on the right side of the image.
It’s better to build something that a small number of users love than a large number of users like.
The launch product ignores the needs of most of the market, but it provides a perfect experience for their first customer segment, who become fans. This provides a basis which can help the product to cross the chasm that separates it from the main market. Sam Altman, the CEO of OpenAI once said:
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Zuletzt aktualisiert am 18. Mai 2024 von Graham Horton
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