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You're transported back in time to 1994. How do you outcompete Amazon? (alien.top)

submitted 1 year ago by IndolentInsolent@alien.top to c/entrepreneur@indiehackers.space

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You're transported back to 1994 with all your current knowledge and $50,000. Your goal is to create the world's biggest online shopping company.

How do you go about it?

As a further thought experiment, if you travelled back to 1960 with all your current knowledge and the goal of becoming the richest person on earth, what businesses would you start?

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[–] _saiya_@alien.top 1 points 1 year ago

People often forget, a huge, HUGE part of all of the startups success is luck. Pure, dumb, sheer luck. Right time, right place, right thing, right decisions. Most would have had competition for sure. The reason one succeeded and another didn't would more often come down to luck than not. Most entrepreneurs have tried and started multiple startups but only one(maybe few) of them would have had staggering success.