Uncertain path
Hello indies,
I found a way to transfer knowledge from my industry to one that has only 1 small competitor (5 years old) and many big indirect competitors (i will use an algorithm that has not been exploited in that domain yet).
My problem is that I am not working in the said industry so I am not fully aquinted to it, and I am not an expert in the domain either, I just think (with validation from the competition) that there is a market fit. Is it a terrible idea to navigate those waters? I am solo by the way, no cofounders in that industry/domain either.
Thanks for any input on this, it's giving me cold feet!!
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No, not a terrible idea at all. Most businesses start from a hunch. The hard part now is getting 20 people to do customer interviews to understand if you're on the right track.
Hmm good point, but what about the company that already has a similar prduct and 5 years doing business? By the time I launch theyll be 7 years in with a more complete platform, isnt that a killer?
If you tell me any tech platform in the world, I’ll likely give you at least 1-2 others that successfully compete. The hard part is getting those customer interviews.