It’s obviously a necessity in commerce related websites to have both the chicken and the egg for action to take place.
One of the challenges in the early days however, seems that you need to make sure you don’t have too much of either the chicken or the egg at once. Letting them grow together has to be the best (but isn’t always the fastest) approach.
I guess it’s about having both the buyer and the seller user rate growing steadily. This can be a challenge, as patience is required. But we’re sure the best, not the fastest, wins in the end.
In the meantime we keep reminding ourselves… slow and steady wins the race.
12, July, 2007 at 9:03 pm
Nice post.
If you didn’t already check out this post from Marc Andreessen (one of the founders of Netscape), called “The only thing that matters”:
http://blog.pmarca.com/2007/06/the-pmarca-gu-2.html
His idea of Product/Market fit is important: “… the market pulls the product out of the start-up”.
Make sure that you’re listening and adjusting as well as being patient.