There are certain kinds of business ideas which I feel are
more likely to fail than others. These are generally not able to create
substantial value which can help them sustain in the long run.
The ‘Amazon for a Niche’ idea: A lot of new entrepreneurs
tend to look at ideas like this. I had a friend who was able to create a
successful ecommerce store for dog food in India. Once Amazon entered this
space, it’s sales was at par with this startup’s within a period of 4 months.
Similar examples can be seen in other online spaces as well.
The ‘Craiglist for a City’ idea: Similar to the above, some
entrepreneurs feel they can create a ‘Me-too Startup’ in their city. Unless
their scaling is commendable, surviving once a big player enters is difficult.
At
the end of the day, I feel the true valuation and survival chance of a startup
is totally dependent on the value it is able to add to the ecosystem as a
whole.
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