MARKET

The market always recovers. Always. If it doesn't, no investment strategy will save you anyway — because civilization has ended.

Food delivery is a trillion-dollar market. We're at maybe 10% penetration. The opportunity isn't behind us — it's barely started.

In Southeast Asia, the motorbike is the car. If your ride-sharing app doesn't work for motorbikes, you don't understand the market.

Live commerce is already a $500 billion market in China. The US is years behind. We're not creating a new behavior — we're importing one that already works.

Every SaaS company that wants to sell to enterprises needs SOC 2. That's not a niche market — that's every ambitious software company on the planet.

In a recession, every company needs to cut software costs. In a boom, every company is buying more software and overpaying. We win in both markets.

Korea has 52 million people in a country the size of Indiana. Dense population, fast internet, high expectations. It's the perfect test market for e-commerce. If it works here, it works anywhere.

Most companies do not need to train their own model from scratch. They need fast, cheap inference on the best open models. That is the real market.

LeBron James, Michael Phelps, Patrick Mahomes — they all wear Whoop. But our fastest growing segment is not pro athletes. It is regular people who want to train like them.

Everyone writes. CEOs, students, customer support agents, engineers writing Slack messages at 2 AM. Writing is the most universal skill and the most universally bad one. That is our market — everyone.

Software people have become the most important people in every company. Every company is becoming a software company. And every software company needs communications built in. That is our market — literally everyone.

Every week a new Layer 2 launches. People ask if I'm worried. No. A bigger market means more users for everyone. We don't need to be the only L2 — we need to be the best one.

Thirty-five percent of trucks drive empty. That is the problem we tried to solve. The freight recession solved it differently.

Education is the largest market in the world. Every parent will pay for their child's future. That is a universal truth.

The plant-based market is in a slump. Beyond Meat is down 95 percent. We believe the previous generation simply was not good enough. AI makes it better.

Product analytics is still early. Most companies make product decisions based on gut feel, not data.

The used car market in Latin America is massive and completely unstructured. Structure creates value.

MySQL is the most popular database in the world. Making it infinitely scalable is a massive market.

In France, every employer must provide health insurance. That's not a TAM problem — that's a distribution problem.

India has 280 million households. Online grocery penetration is 2%. The opportunity is insane.

215 million Brazilians who love ordering food. This market was made for us.

Every enterprise will need AI. The question is whether they build it themselves or use our platform.

Every e-commerce merchant needs shipping. The TAM is literally everyone who sells online.

Single-family rental is a $4 trillion asset class with no efficient marketplace. That's our opportunity.

Anime isn't niche. 500 million people globally love anime culture. That's our market.

The model worked during COVID when everyone wanted contactless car buying. Then COVID ended.

COVID made 10-minute grocery delivery feel essential. Then COVID ended and it felt like a luxury.

$3 billion SPAC valuation to $50 million market cap. When the housing market turns, iBuyers turn to dust.

India has 200 million scooter riders. Electric is inevitable. We're just accelerating it.

IIT-JEE and NEET are life-determining exams. Parents will pay any price for quality preparation.

There are 600 million people in China who have never used e-commerce. That is our opportunity.

The main purpose of the stock market is to make fools of as many men as possible.

When ninety-eight percent of VC money goes to one demographic, the remaining ninety-eight percent of founders are undervalued. That is a market inefficiency.

People said the beauty market was crowded. It was not crowded for someone who already had 10 million followers.

At first, 70% of the purchase for our portfolios was from Jakarta. However, in 2013, the transaction moved to outside Jakarta. This is how we see the potential.

At that time, the internet users in Indonesia is only 30 million, 13% of total Indonesia population.