Maybe it’s 1% or 10% today, but a decade ago, having/assembling the technical chops to know how to build something was a huge part of the meat / barrier to entry.
It can still be true though, because entry is nothing without sales and a continued search for product market fit. I don’t know about 1% but if you say ‘for every 100 apps launched in 2015-2020 only 1 turned into a sustainable business’ I’d say that’s in the ballpark.
If code becomes cheaper that may change the business fundamentals but it also means capturing customers becomes way harder.
That’s not true in my opinion.
Maybe it’s 1% or 10% today, but a decade ago, having/assembling the technical chops to know how to build something was a huge part of the meat / barrier to entry.
It can still be true though, because entry is nothing without sales and a continued search for product market fit. I don’t know about 1% but if you say ‘for every 100 apps launched in 2015-2020 only 1 turned into a sustainable business’ I’d say that’s in the ballpark.
If code becomes cheaper that may change the business fundamentals but it also means capturing customers becomes way harder.