It will sell well to companies with a lot of money by telling them what they want to hear, rather than what they need to hear. It depends on your definition of a 'good product.'
Product needs to be good enough to provide value/solve the customer's problems. Other products may be objectively "better" on some measures, but those measures may not be relevant for all users.
You're saying there's no such thing as an objectively good product, simply because people disagree on the matter of which products are good and which are bad. But disagreement isn't any sign that there's no fact to the matter--people disagree about matters of fact all the time.
A good product might not be sufficient or necessary to make a good stock, but it seems like a major influence--and I would be very reluctant to invest in a company which pathologically produces poor products (GM, Microsoft, Dell, HP). Of course there are other factors to consider, and investing in individual stocks is a fool's errand anyway.
yep, if you want your product to succeed, it has to be a really good product... why do people think this article is so great? isn't what altman says common sense?
It's a good question, and I'm not sure we have a good answer. We did show that we had built a product that people want, use and even love, but I don't we think did a good job of showing that we were building a $10B business.
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