"Lets look at domain knowledge first. This is not about having studied or otherwise artificially gotten to “know” the industry. This is about coming from that industry, having lived it, knowing the players and knowing the pain firsthand. There is no substitute for this. You can’t fake it. You either come from the space or you don’t."
And yet there are plenty of successful stories of founders who excelled because they had no prior experience in the industry and saw things differently than all the other experienced industry joes.
And yet there are plenty of successful stories of founders who excelled because they had no prior experience in the industry and saw things differently than all the other experienced industry joes.