I am working on an EdTech idea and weeks away from MVP. The problem I am trying to solve is student and industry gap by simply connecting students with industry professionals. But LinkedIn also working on student and professional relationship and they have advantage as they are the largest professional network. How can you compete with them? They have resources, tools , team and finance. I want to be entrepreneur and academia is something my interest and working on idea for some time.
For a long time, Apple considered Apple TV to be a hobby, not a real product worth focusing on, because it did not generate a billion in revenue. However, for a start-up, getting to $50 million in revenue can be the start of a wildly successful business. But being a start-up affords many advantages most giants would salivate over. As a nimble start-up you can leverage those to succeed. It is hard to build a $10 billion revenue business doing just one thing, and most giants have a broad portfolio of businesses, numerous products for each, and targeting a variety of customer segments in multiple markets. There are a host of things you can do specifically because you do not have the same scale as the giants. The giants certainly could not.
You can read more here: https://www.backblaze.com/blog/how-to-compete-with-giants/
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Answered 3 years ago
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