AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
20Product: Sequoia's Product-Market Fit Framework | Why the Best Product People Actually Build Less Product | Metrics 101, Good vs Great Product Strategy and more with Vickie Peng, Product Partner @ Sequoia Capital
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Significance of Being Five Times Better
In a competitive market, being merely five percent better may not be enough to sway established players towards a different product. The real challenge lies in offering a product that is not just marginally but substantially better, around five times better. This significant difference is necessary to disrupt customer habits, competition, and doubts. For instance, while Google spreadsheets are not seen as five times better than Microsoft Excel, the latter still dominates due to its proven efficiency and widespread usage. To break through and succeed, a product must offer a considerable improvement over existing options, compelling customers to make the switch despite the costs and challenges of transitioning to a new solution.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode