Platform Early Adopter Advantage
Share
A strategy for approaching new platforms and technologies, focusing on being an early adopter to maximize potential upside while accepting frequent failures.
Core Philosophy
- Being optimistic and early pays off in technology
- Willing to look stupid sometimes by trying new things
- One big success can offset many failures
- Being early helps build valuable networks
Early Adoption Strategy
- Try every new platform as soon as it launches
- Become a power user quickly
- Put in meaningful time and money early
- Don't wait for consensus or widespread adoption
- Accept that most attempts will fail
- Focus on learning from each experience
Success Metrics
- Only need one platform to work for massive returns
- Example: Ethereum ICO was 17ยข, now $1,700
- Early Twitter users gained large followings
- Early investors in successful platforms see huge returns
Real World Example: Friend's Approach
- Tries every new platform immediately
- Becomes top power user on multiple platforms
- #1 on Product Hunt
- Leading user on NFT platforms
- Top buyer on Rally Road
- Invests small amounts across many platforms
- Maintains consistent engagement
Risk Management
- Keep individual investments relatively small
- Spread bets across many platforms
- Focus on learning from failures
- Build network and knowledge even when platforms fail
- Use early adoption as competitive advantage
- Leverage learnings for future opportunities
Time Investment Strategy
- Dedicate consistent time to explore new technologies
- Schedule regular review of new platforms
- Stay informed about emerging trends
- Build expertise across multiple areas
- Maintain curiosity about new innovations
32:59 - 36:33
Full video: 01:18:04SP
Shaan Puri
Host of MFM
Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.