Chris Koerner

And I don't want to try to invest in a person that's trying to solve it because statistics are not on their side.

Another one that comes to mind for me is at university, every entrepreneurial college kid decides that they're going to build a on-campus what's going on app to let everybody know what's going on on campus.

And they never seem to work.

And I think the reason why they don't work is because both you're losing 33% of your potential customers every year and gaining 33% new customers every year.

So you have a bit of an acquisition problem.

But then also people don't decide what they're going to do based on some notice board.

They decide based on their dorm room friends and where they're going and where the girl they like is going.

And so it's not really about what's going on.

It's like, what does my group of people want to do?

I think that's

I think that's the mirage in that.

Well, I thought of another example.

That's like building apps around podcasting.

Oh my God, yeah.

Right?

Yeah, yeah.

I have a friend that he had a podcast.

That's a great one.

That helped podcasters, right?

And it was great.