Second Time Founders E21 w/ Dan Teran (Managed by Q & Gutter) the on-demand economy hype cycle history (2010-2016)
11 snips
Mar 14, 2023 AI Snips
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Episode notes
Bits Trying To Move Atoms
- The 2010s on-demand wave came from optimism about using software to move atoms, not careful unit-economics work.
- Many companies ignored fundamental economics and later the market corrected that fantasy.
Recurring Schedules Beat Pure On-Demand
- On-demand startups varied between true recurring services and gimmicky on-demand plays.
- The recurring, scheduled offers (like office cleaning) scaled more predictably than rush-on-demand models.
Technology Needs A Problem First
- New technology often chases novelty before solving actual customer problems.
- Tech-in-search-of-problem projects frequently fail once real-world economics matter.