Privacy Product Opportunities
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A business strategy focused on building privacy-centric alternatives to mainstream tech products, following the success pattern of companies like DuckDuckGo and ProtonMail that initially seemed niche but proved highly valuable.
Key Points:
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Market Validation:
- DuckDuckGo is doing over $100M in revenue
- Recently sold $100M worth of secondary shares
- Privacy-focused products are gaining mainstream adoption
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Product Categories:
- Search engines (DuckDuckGo)
- Email services (ProtonMail)
- Messaging apps (Signal)
- Browsers (Brave)
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Core Value Proposition:
- Protection from big tech tracking
- No targeted advertising
- Secure message storage
- Prevention of data leaks/hacks
- Protection of business secrets
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Market Timing:
- Privacy concerns are growing
- Users increasingly rejecting:
- Location tracking
- Always-on microphones
- Unrestricted data collection
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Growth Pattern:
- Initially appears niche
- Slow but steady adoption
- Takes years to gain traction
- Eventually becomes mainstream
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Future Outlook:
- Privacy products expected to become standard in 10 years
- Current privacy-invasive practices will seem shocking in retrospect
- Represents a major market inflection point similar to how smartphones enabled Uber
39:04 - 41:32
Full video: 01:05:37SP
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.