[fillskills]

Very eye opening. Personally this was the best of the series so far for me. Helped solve a lot of questions in my mind about why certain companies succeed (Instagram, Snapchat, Facebook, Tesla etc). Serve your niche well - is a often repeated quote, Peter just brought the idea to a higher level by answering the Why.

One thing he might be missing on is the idea of lean startups. Its my opinion that Lean Startups does not mean build and release crappy products, but to validate your market and market-fit your product before you spend years building a product. Just helps you improve your product faster (or ditch it) using market's help.

[zan2434]

Interesting, but what were the niches for those companies you mentioned? Instagram, Snapchat, Tesla - namely

[fillskills]

Tesla - Started with electric cars only for rich and tech savvy people Instagram - Instead of doing everything related to photos, they focused only on Filtering - which at that point was considered a very niche market Snapchat - Started for teenagers to send disappearing pics to each other. Again not a huge/world changing sector