Gas founder Nikita Bier explains why you shouldn’t worry about big companies stealing your idea

Name: Gas founder Nikita Bier explains why you shouldn’t worry about big companies stealing your idea
Uploaded: 2024-09-01T10:40:00+00:00
Duration: 45 s
Channel: Nikita Bier
Description: Nikita Bier, founder of Gas, says big companies take 12 to 24 months to copy an app. They move through product managers, market research, VP reviews, and…

1 Sept 2024 · 1 min

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Nikita Bier, founder of Gas, says big companies take 12 to 24 months to copy an app. They move through product managers, market research, VP reviews, and six to twelve months of development. By then, you've had time to build and scale.

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A lot of people think these incumbents are going to steal your ideas, and for the most part, it takes a pretty long time for them to respond to even the number one app. It'll start charting in the App Store. You know, a PM will make a post about it, and then the market research team might do a study to follow up on it, and it'll kind of float around for a few months. They might put together a framing deck saying, hey, we should go after this opportunity. Let's put together this team. It'll go through VP reviews and then it'll start development. Development might take 6 to 12 months. Realistically, I think most large companies take like 12 to 24 months to respond to competitive threats in the market.