Comment by sanderjd

Comment by sanderjd 4 days ago

3 replies

This is actually one of the great entrepreneurship lessons of my career, which I think about a lot.

Around 2009, as smart phones were on their exponential leg up, and when I was still pretty new in the workplace, I remember thinking (and talking with my coworkers) about how messaging and chat rooms were really well suited to the technology landscape. But I lamented "too bad the space is already too crowded with options for anyone to use anything new.

But all of today's major messaging successes became household names after that! What I learned from this is that I have a tendency to think that trends are played out already, when actually I'm early in the adoption curve.

jjani 4 days ago

Heh, this reminds me of a vaguely related lesson I learned recently. Sold Nvidia mid-2023. "Surely everyone understands by now just how much money they're going to be making the coming 2 years, and this is already completely priced in, it's so blatantly obvious!". Heh.

  • sanderjd 4 days ago

    Ha, someone who has money to invest asked me about an investment thesis at the end of 2022 related to the release of chatgpt. I said nvidia seemed like the most clearly likely to benefit in terms of public equities, but he said no way, it was already overpriced. :shrug:

    Everything hypey overshoots eventually, but nobody knows exactly when!