Understanding the Five Forces and Threats of Substitute Products in an Industry

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Intensity of competitive rivalry is an important factor to consider in an industry.
The threat of substitute products can impact a business's market position.
Competition, new entrants, suppliers, customers, and substitutes are the five forces to analyze.
The process described helps generate a structured analysis of an idea.
The method suggested can be a valuable tool in business education.

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Today’s show:

Sunny Madra joins Jason to demo VenturusAI (11:01) and other tools, before discussing Sunny’s new AutoGPT project (34:38). They wrap up talking about Meta’s launch of Threads (49:08), Google’s attempts at building a social network, and Inflection AI’s new supercomputer (1:00:13).

Time stamps:

(0:00) Sunny joins Jason

(1:49) ChatGPT sees a decline in growth

(10:22) Fin - Try Fin, Intercom's new AI customer support chatbot, at https://intercom.com/fin

(11:01) Sunny demos VenturusAI

(24:29) Eight Sleep - Go to https://eightsleep.com/twist to check out the Pod Cover and get $150 off at checkout!

(26:01) Sunny demos Vercel

(34:38) Sunny's new AutoGPT

(41:58) Carta - Go to http://Carta.com and use code TWIST to get 10% off your first SPV

(43:29) The decision to be open-sourced or closed

(49:08) Meta’s new platform Threads

(1:00:13) Google’s attempts at a social network