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A comment on Lecture 5, How to Start a Startup: Peter Thiel.

Re:Lecture 5, How to Start a Startup: Peter Thiel by jlukanta on Tuesday October 07, 2014 @08:09PM (#8424693)
Interesting point about market size. If it's true that companies often lie to themselves about their market, what can they do to identify their real market? Is there an objective measure or is it purely subjective?
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Re:Lecture 5, How to Start a Startup: Peter Thiel by james1071 on Wednesday October 08, 2014 @07:11AM (#8426285)
The market is what you are selling and close substitutes to it.

A close substitute is something that someone would buy instead of your product.

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