In the fast-paced world of technology, one thing remains constant: human nature. Despite the rapid changes in technology, the fundamental desires and needs of people do not change. This presents an opportunity for startups to create valuable products by combining modern technology with the innate desires of individuals.
Hatched by Kazuki Nakayashiki
Jul 30, 2023
3 min read
11 views
In the fast-paced world of technology, one thing remains constant: human nature. Despite the rapid changes in technology, the fundamental desires and needs of people do not change. This presents an opportunity for startups to create valuable products by combining modern technology with the innate desires of individuals.
One example of this is the Michelin Guide, which cleverly packaged restaurants as destinations, giving people a reason to drive. The initial purpose of the Michelin Guide was to provide people with a reason to get behind the wheel and explore. This concept is intriguing because it highlights the importance of creating something appealing to both friends and family, as well as to oneself, in order to generate word-of-mouth.
Looking back a hundred years, consumer packaged goods (CPG) companies used advertising and coupons to stimulate demand and solve the chicken and egg problem. Today, startups are using innovative mobile apps to generate demand and solve the same problem. The strategies employed by CPG companies a century ago are still relevant today.
As new technologies and platforms begin to scale up, they have the potential to tap into existing consumer psychology and create growth opportunities through "growth hacking." The first of the three important aspects is new technology and platforms. There are numerous new technologies on the horizon, offering definite opportunities in marketplaces, B2B, mobile, and other existing categories. However, one or two breakthroughs are still needed.
Video is a massive opportunity, not just limited to music videos. It can be utilized in various forms of entertainment and media, driving its growth. One significant opportunity currently available is the automatic generation of videos when users engage with a product. This can lead to more video sharing activities, resulting in increased viral acquisition and engagement.
One growth hack that I believe in is the ability to create offline experiences that are visually appealing and make people want to use an app. As online channels become saturated (Facebook and Google ads are expensive, and there are literally millions of apps in the app store), the real world becomes incredibly enticing. Offline experiences that captivate the senses can be a powerful way to attract users.
By combining new technology, exciting customer behaviors, and insights about growth, startups can create something truly fascinating. The intersection of these three factors holds the potential to discover groundbreaking new products at the crossroads of technological change and human behavior. This combination can pave the way for the next generation of startups.
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