Crack the Chicken-and-Egg Dilemma — How Startups Can Thrive Against the Odds
18 Sep 2024
News
In the high-stakes world of startups, founders often find themselves facing a paradoxical challenge: how to attract buyers without sellers and sellers without buyers.
This chicken-and-egg problem has derailed more promising startups than we care to count. The truth is, you can overcome this dilemma. Successful marketplaces like Airbnb, Uber and Etsy have already achieved this by creatively laser-focusing on one side of the market before moving on to the other.
Single-player mode
The key to solving the chicken-and-egg problem often lies in temporarily ignoring it. Instead of trying to build both sides of your marketplace simultaneously, focus on creating value for one side first.
More Topics
The Nebraska Department of Economic Development (DED) is pleased to announce the recipients of $10.72 million in awards under the 2024 application cycle of the Nebraska Affordable Housing Trust Fund (NAHTF).The Nebraska Affordable Housing Trust Fund (NAHTF) was established by the Nebraska Legislature in 1996 through the Nebraska Affordable Housing...
Airports are often seen as gateways to the sky, but for economic developers, they represent much more--an untapped economic engine waiting to be harnessed. Our whitepaper, From Runways to Revenue: Economic Benefits of Your Local Airport, dives deep into the economic opportunities airports provide to communities, particularly in rural areas...
Reinke Manufacturing will be investing $12 million into advancing robotics. Reinke is testing out a 19 robot cell and President Chris Roth said this is important because the pipe cell they have now is aging out, so they have reinvest in themselves to make what Roth calls ‘the world’s finest...