“If you are working on a new model, for anything (it could be crypto, health care, education, finance, etc, etc), you should look very closely at what are the most annoying and frustrating aspects of the current model and focus on leading with features that remove them.”
While the inspiration for this post is the upcoming streaming battle between Netflix and Disney, it’s really about a more universal business concept.
Fred Wilson explains how to create a new business model and suggests it’s always the frustrations of an existing model that create the opening for a new one.
RELATED: How Amazon innovates in ways Google and Apple can’t.