Comments on: Domain Experience Gives Entrepreneurs an Unfair Advantage http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/ Entrepreneur turned VC Sun, 01 Aug 2010 00:25:20 +0000 hourly 1 http://wordpress.org/?v=1851 By: Vivek http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/comment-page-1/#comment-3995 Vivek Sun, 21 Feb 2010 19:30:46 +0000 http://www.bothsidesofthetable.com/?p=1888#comment-3995 Dear Mark,<br><br>Following is a link that might interest you. <a href="http://www.cpd.ogi.edu/MST/capstone/BuildingStrongTeam.pdf" rel="nofollow">http://www.cpd.ogi.edu/MST/capstone/BuildingStr...</a><br><br>Love your articles, <br><br>Vivek Dear Mark,

Following is a link that might interest you. http://www.cpd.ogi.edu/MST/capstone/BuildingStr...

Love your articles,

Vivek

]]> By: Vivek http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/comment-page-1/#comment-9431 Vivek Sun, 21 Feb 2010 19:30:46 +0000 http://www.bothsidesofthetable.com/?p=1888#comment-9431 Dear Mark,<br><br>Following is a link that might interest you. <a href="http://www.cpd.ogi.edu/MST/capstone/BuildingStrongTeam.pdf" rel="nofollow">http://www.cpd.ogi.edu/MST/capstone/BuildingStr...</a><br><br>Love your articles, <br><br>Vivek Dear Mark,

Following is a link that might interest you. http://www.cpd.ogi.edu/MST/capstone/BuildingStr...

Love your articles,

Vivek

]]> By: Vivek http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/comment-page-1/#comment-3994 Vivek Sun, 21 Feb 2010 13:30:46 +0000 http://www.bothsidesofthetable.com/?p=1888#comment-3994 Dear Mark,<br><br>Following is a link that might interest you. <a href="http://www.cpd.ogi.edu/MST/capstone/BuildingStrongTeam.pdf" rel="nofollow">http://www.cpd.ogi.edu/MST/capstone/BuildingStr...</a><br><br>Love your articles, <br><br>Vivek Dear Mark,

Following is a link that might interest you. http://www.cpd.ogi.edu/MST/capstone/BuildingStr...

Love your articles,

Vivek

]]> By: Domain Experience Gives Entrepreneurs an Unfair Advantage | CloudAve http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/comment-page-1/#comment-3993 Domain Experience Gives Entrepreneurs an Unfair Advantage | CloudAve Mon, 15 Feb 2010 11:46:02 +0000 http://www.bothsidesofthetable.com/?p=1888#comment-3993 [...] is no doubt in my mind that on balance it offers you a huge Unfair Advantage.(Cross-posted @ Both Sides of theTable) Posted Under : Entrepreneurship Tags startups entrepreneurship Startup Advice Entrepreneur Advice [...] [...] is no doubt in my mind that on balance it offers you a huge Unfair Advantage.(Cross-posted @ Both Sides of theTable) Posted Under : Entrepreneurship Tags startups entrepreneurship Startup Advice Entrepreneur Advice [...]

]]> By: Jason Wolfe http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/comment-page-1/#comment-9432 Jason Wolfe Tue, 09 Feb 2010 16:17:31 +0000 http://www.bothsidesofthetable.com/?p=1888#comment-9432 Domain experience comes with one other massive advantage, as hinted at in some of the comments. Contacts. As veterans of the UK financial services industry, as well as web, we were able to talk very frankly with the guys still within that industry about what their major challenges were.<br><br>This allowed us to identify a significant opportunity (my favourite word) and build a product with almost instant market fit. It's very possible to do this without huge domain expertise, but it certainly creates a short-cut and eliminates some of the risk. Domain experience comes with one other massive advantage, as hinted at in some of the comments. Contacts. As veterans of the UK financial services industry, as well as web, we were able to talk very frankly with the guys still within that industry about what their major challenges were.

This allowed us to identify a significant opportunity (my favourite word) and build a product with almost instant market fit. It's very possible to do this without huge domain expertise, but it certainly creates a short-cut and eliminates some of the risk.

]]> By: Jason_Wolfe http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/comment-page-1/#comment-3992 Jason_Wolfe Tue, 09 Feb 2010 10:17:31 +0000 http://www.bothsidesofthetable.com/?p=1888#comment-3992 Domain experience come with one other massive advantage, as hinted at in some of the comments. Contacts. As veterans of the UK financial services industry, as well as web, we were able to talk very frankly with the guys still within that industry about what their major challenges were.<br><br>This allowed us to identify a significant opportunity (my favourite word) and build a product with almost instant market fit. It's very possible to do this without huge domain expertise, but it certainly creates a short-cut and eliminates some of the risk. Domain experience come with one other massive advantage, as hinted at in some of the comments. Contacts. As veterans of the UK financial services industry, as well as web, we were able to talk very frankly with the guys still within that industry about what their major challenges were.

This allowed us to identify a significant opportunity (my favourite word) and build a product with almost instant market fit. It's very possible to do this without huge domain expertise, but it certainly creates a short-cut and eliminates some of the risk.

]]> By: Erin Lawlor http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/comment-page-1/#comment-9433 Erin Lawlor Tue, 09 Feb 2010 09:00:23 +0000 http://www.bothsidesofthetable.com/?p=1888#comment-9433 I appreciate this post - I am usually dismayed by advice to entrepreneurs minimizing domain experience. I think that lack of domain expertise (in established markets) results in products that do not fill the needs of a domain and therefore continue the opportunities for improvement once the users realize that their needs have not been fulfilled.<br><br>I think there is a reason why we keep hearing the "eating your own dog food" quote - even if you don't have prior domain experience, to be really successful, it seems essential to have hands on experience that can be incorporated into your product.<br><br>I wonder if you're really an entrepreneur if you have too many scars to see the opportunities in an established market where you have actual domain experience. I appreciate this post – I am usually dismayed by advice to entrepreneurs minimizing domain experience. I think that lack of domain expertise (in established markets) results in products that do not fill the needs of a domain and therefore continue the opportunities for improvement once the users realize that their needs have not been fulfilled.

I think there is a reason why we keep hearing the “eating your own dog food” quote – even if you don't have prior domain experience, to be really successful, it seems essential to have hands on experience that can be incorporated into your product.

I wonder if you're really an entrepreneur if you have too many scars to see the opportunities in an established market where you have actual domain experience.

]]> By: Erin Lawlor http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/comment-page-1/#comment-3991 Erin Lawlor Tue, 09 Feb 2010 03:00:23 +0000 http://www.bothsidesofthetable.com/?p=1888#comment-3991 I appreciate this post - I am usually dismayed by advice to entrepreneurs minimizing domain experience. I think that lack of domain expertise (in established markets) results in products that do not fill the needs of a domain and therefore continue the opportunities for improvement once the users realize that their needs have not been fulfilled.<br><br>I wonder if you're really an entrepreneur if you have too many scars to see the opportunities in an established market where you have actual domain experience. I appreciate this post – I am usually dismayed by advice to entrepreneurs minimizing domain experience. I think that lack of domain expertise (in established markets) results in products that do not fill the needs of a domain and therefore continue the opportunities for improvement once the users realize that their needs have not been fulfilled.

I wonder if you're really an entrepreneur if you have too many scars to see the opportunities in an established market where you have actual domain experience.

]]> By: awaldstein http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/comment-page-1/#comment-9439 awaldstein Mon, 08 Feb 2010 23:58:12 +0000 http://www.bothsidesofthetable.com/?p=1888#comment-9439 The only exception to this that jumps to mind is Evan Williams (Blogger, then Twitter) but yes, this is probably true.<br><br>To drive radical change, often the ideas come from the outside and the willpower is driven by belief and energy more than logic. <br><br>Thnx, The only exception to this that jumps to mind is Evan Williams (Blogger, then Twitter) but yes, this is probably true.

To drive radical change, often the ideas come from the outside and the willpower is driven by belief and energy more than logic.

Thnx,

]]> By: msuster http://www.bothsidesofthetable.com/2010/02/07/domain-experience-gives-entrepreneurs-an-unfair-advantage/comment-page-1/#comment-9435 msuster Mon, 08 Feb 2010 23:04:41 +0000 http://www.bothsidesofthetable.com/?p=1888#comment-9435 I would argue that having domain knowledge and trying to build a huge success in the same industry won't be the same challenge over and over. Building something novel, meaningful and commercial adopted is usually a new challenge in and of itself. But I get your point - some innovation is transferable. I would argue that having domain knowledge and trying to build a huge success in the same industry won't be the same challenge over and over. Building something novel, meaningful and commercial adopted is usually a new challenge in and of itself. But I get your point – some innovation is transferable.

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