So in summary, the questions you want to ask are how big can this be, how much of it can we get, what's the growth rate of the market, is the market itself declining or is it in flux or is it taking off? and most importantly here is talk to customers and the sales channel, and next important is you can get some pretty good market size estimates by competitive approximation if it's an existing or resegmented market, or even if we're going to clone a market outside the US.

Fishermen are going out to sea and carrying their cell phones.

They might hear about it on the Web, but that's not really gonna help you understand the served available market.

And it's a series of markets for low level trade that can be fulfilled by a person or a small company.

And let's take a look at the Jersey Square team and think about how they approach this.

Karma Heaven or hell.

lifecycle adoption curve popularized by Geoff Moore in a book called Crossing the Chasm.

The stock market is often called a dangerous one.

Let's say in one part of town, there's some type of a market.

By the way, what market type are you in?

Maybe if I do it on a small amount,

The troll market! The troll market?

Ben has actually done a good job of saying the market value of his inventory, the market value of his equipment.

Okay, well, can we sell to 150 million people?

So how would you estimate the served available market or SAM for an Android Game within an order of magnitude?

One of the things I just want to reemphasize because we mentioned it earlier is the difference between single sided markets and multi sided markets.

In this market?

Now what does that result in their valuation, or in terms of their market cap?

Japan's rice market is closed to imports.

There will be havoc in the markets again.

The gray market's a big issue.

It's physical communication with water.

So when they took a look at this day one canvas, the teaching team first said

And what this does is it's increasing the supply of money that's out there to be lent.

And we give those two boxes, those two relationships, a special name.

Philanthropy is the market for love.

It turns out that the type of market changes everything.

And this calculation, this multiplication of market price per share times the number of shares this is called the market cap

Slave market?

And we said at 1.70, people are willing to eat two million cupcakes in a year.

That one? Is that one the best?

And this is the big difference.

In this case, you're essentially just trading shares in a secondary market.

And all of that's great, and it's fine.

And I'll do a bunch of videos on margins in the future.

The mayor's having a fundraiser.

An Orion slave market.

A seller's market is a market in which goods are relatively scarce, buyers have a limited range of choice, and prices are high.

And they did some research at Yankee

I will go to the market.

Come here tonight, let's be happy.

Recently it has become very much in fashion to call women the emerging market of the emerging market.

This market is now estimated at over 800 million dollars annually.

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And these are the same people now, they're very adamant, that says, oh don't believe the market price.