Dark Side
@amoreynis
Startups Based on the Jevons Paradox 1. The Jevons paradox was formulated back in the 19th century. Its essence is that technological progress that increases the efficiency of using a resource ➞ leads to an increase in the volume of consumption of this resource. Now this paradox has been remembered in connection with the advent of AI. 2. As Microsoft CEO Satya Nadella tweeted in January: “The Jevons paradox has struck again. As AI becomes more efficient and accessible, we will see its use skyrocket. As a result, AI will become a common tool - but one that we will not be able to get enough of for a long time” 😉 3. It turns out that the recipe for a startup based on the Jevons paradox is very simple. You need to find something that few people or companies use now, because it is long, expensive and a pain in the ass. And make it simpler, more convenient and accessible with the help of AI.
0 reply
0 recast
0 reaction
Dark Side
@amoreynis
4. Then the audience size and usage volumes of this very thing will grow tens or even hundreds of times 🚀 Thus, a small market can turn into a big one. And a big one — into a huge one. And you can make a lot of money on this difference 💰 5. Moreover, the market will grow mainly due to new users, who won’t even have to be persuaded to switch from something old — which is much easier than poaching users from competitors 😉 6. In today's fastfounder, I wrote about examples of such startups that launched AI interviewers into the user research market. After all, after this, tens of times more companies will start conducting such research than before. 7. And this is definitely not the only option! What startup would you launch using the Jevons paradox? 🤔
0 reply
0 recast
0 reaction