Why so much emphasis on TAM?
This is why..
TAM's Importance for Founders:
1. Market assessment baseline
2. Investor communication tool
3. Business planning guide
4. Strategic thinking catalyst
5. Growth opportunity identifier
6. Adaptability promo
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Anonymous 1
Stealth âąÂ 7m
Investors passed on Airbnb because they couldn't build conviction on the TAM xD
In the early days of Airbnb, founders Brian Chesky, Joe Gebbia, and Nathan Blecharczyk struggled to find investors. They tried to raise $150,000 for 10% of the company but faced many rejections. Despite pitching to several prominent investors, no one
Airbnb, now worth ~$100 billion, was rejected by 7 investors in 2007.
Not because it was a bad idea, but because VCs reject 99% of startups.
Lesson: If ALL your plans depend on VC funding rather than customer funding, you are already fighting 99% f
An investor gave me this reply can anyone explain what he wanted to say
âAfter completing our work on the opportunity, we have decided not to participate in your current round. We are thoroughly impressed with the progress youâve achieved and the qu
Should a startup idea always focus on capturing the entire TAM?
4 replies1 like
Purnendu Mukherjee
 âąÂ
EduKare âąÂ 24d
Startup Survival Story - 1
Airbnb: Turning Rejection into Opportunity
When Brian Chesky, Joe Gebbia, and Nathan Blecharczyk founded Airbnb, they struggled to find investors. They were rejected by more than 20 venture capitalists. To survive, they s
I couldn't think how good anonymity can be until I saw it working here. But still, it's largely because of the moderators on this platform; otherwise, you could witness its misuse on a hunch.
4 replies12 likes
Mohammed Noor G
Stealth âąÂ 13d
Startups these days:
Use our product, and weâll throw in a giveaway! Because why build loyalty when freebies do the trick?
P.S. Money speaks to investors...
#Startup #Marketing #Giveaway
Nowadays people on medial posting like I need investors like without pitching their idea.Are they getting investors??
3 replies2 likes
Startup Savvy
Stealth âąÂ 8m
The Most Important thing in Business is Trust
Your Employees, Investors, Shareholders, Supplierers, Customers should have trust on you
So you should try very hard to reap your trust in them
Because Trust takes years to build and seconds to destroy