My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
“all of the assumptions are off and every company is kind of up for grabs”
What It Means
AI is creating a fundamental reset where established competitive advantages no longer protect incumbent companies
Why It Matters
Suggests unprecedented opportunity for new entrants to challenge established players across all industries
When It's True
During periods of fundamental technology capability expansion like current AI revolution
When It's Risky
When incumbents can integrate new technology faster than startups can build new solutions
How to Apply
Target incumbent-dominated industries for disruption
Build AI-first solutions rather than adding AI features
Move quickly before incumbents can respond
Question assumptions about 'safe' or 'protected' markets
Example Scenario
“Property management firms traditionally protected by local relationships and regulatory complexity now vulnerable to AI automation of core functions”
Related Knowledge
Broad vs Deep Market Entry Framework
A framework for choosing between targeting a massive market with moderate per-customer value versus targeting a smaller
Build live shopping platform with AI avatars for personalized e-commerce experiences
Platform where customers get one-on-one shopping experiences with AI versions of celebrities/influencers, driving higher
Create AI-powered personalized news aggregation with interactive conversational interface
Users get personalized news digest with ability to drill down conversationally on any topic, replacing traditional newsl
AI Tool TAM Calculation Model
Framework for calculating addressable market for AI productivity tools by multiplying user base by willingness to pay ba
AI will create more disruptive opportunities than incremental improvements
Entrepreneurs should target core business functions rather than building AI features for existing products
perfectly rational for every single developer to pay at least $1000 a year
Productivity tools that create significant value can command high prices because the economic benefit justifies the cost