And participation took place in the agora, the agora having two meanings, both a marketplace and a place where there was political deliberation.

The troll market! The troll market?

I will go to the market.

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

It turns out that the type of market changes everything.

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.

It's a bit technical.

Maybe if I do it on a small amount,

Slave market?

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

So, in a nutshell, what we had in traditional Africa was a free market system.

We talked about the jobs to be done. We talked about pains. We talked about gains.

The value of this debt is 100,000.

In this market?

The stock market is often called a dangerous one.

Another is where you take a segment or re segment an existing market.

I will go to the market.

I'm still at the market.

We're in Ramallah right now.

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

By the way, what market type are you in?

That gives us 120,000 market cap

Philanthropy is the market for love.

Black Market.

Maybe I know a whole new market.

That one? Is that one the best?

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.

So I'll pay 2 per share, which is a little bit of premium over the market value at the time, which was 1.

Currency and bond markets are relatively calm.

I mean, Adam Smith, already writing in the late 18th century, said,

There is a market in the town.

Market capitalization.

Before the war, America had been highly protectionist.

What they really should have done is, said that, but then said how many of them have a web browser and how many of them will we actually be able to reach within some period of time and with some semblance of cash.

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

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

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

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

They say, that is unbelievably expensive.

The mayor's having a fundraiser.

An Orion slave market.

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

And the best thing that we as humans have been to be able to come up with is a market.

So here I have our abstract syntax tree for our market.

One is existing market.