The two biggest biases you’ll run into when doing a startup are from people that know *too* much: 1. This problem is already solved and doesn’t need a new solution 2. Every time this problem has been attempted to be solved it never works Sometimes you just need fresh eyes.
@levie First two of Clark's Law.
@levie any strategies you’ve found effective for checking yourself against these biases?? Have found it hard to know to decide that for myself 🙇♂️
@levie What’s your TAM. Worst question if it fits the above. Same VC’s would have said Uber’s TAM was 2010 USA total Taxi revenue.
@levie Not as startup, but post-pmf: “this can’t be what success looks like. Successful companies have their act together right?”
@levie The common bias to these two propositions is overconfidence. Ironically, it’s also needed to succeed in entrepreneurship. thevcfactory.com/the-best-entre…