Open C started as a basic NFT marketplace, but through years of hard work and network effects, it became a billion-dollar company.
Open C started as a simple website for buying and selling NFTs, spent years grinding and shipping features, and eventually gained network effects to become one of the hottest companies in the world worth billions of dollars.
Start with the basics and make them work before adding complexity, as demonstrated by the success of a simple NFT website.
Gusto offers a comprehensive HR tool chest, while the success of a product lies in its reliability rather than the number of features it has, and scaling up too quickly without proper validation can lead to failure.
Gusto started as a tool chest full of amazing HR tools, including payroll, benefits, org chart, and 401k.
A product with one reliable feature is better than a product with many features that don't work, as demonstrated by the example of Zen Payroll and Gusto.
Copying successful business models from overseas markets and assuming product market fit is a given can lead to scaling up too quickly, burning a lot of money, and ultimately failing, despite getting validation from investors, press, friends, or employees.