Ideas and Validation February 22, 2020

Why so many CRMs?

Matt Hart @matt_h_

I have noticed that there are a huge number of CRM startups out there, and it seems like a new one pops up every day. Why do you think so many people are trying to enter this space? Are the existing solutions not satisfying some core need?

  1. 3

    Total Addressable Market (TAM) is massive - essentially every business with a product or service. There’s many segments from Enterprise (Salesforce, Oracle, Microsoft) to SMB (PipeDrive,etc) to niche CRMs for vertical industries.

  2. 1

    CRUD apps in general have a very low barrier to entry and are easy to develop. It's the same with todo lists, project management tools and habit trackers.

  3. 1

    I'm actually looking for CRM alternatives @matt_h_ - any recommendation which one should I subscribe for an early stage startup?

    1. 2

      I'm not very familiar with any. This was just a layman's observation. But you certainly have a lot of options!

    2. 1

      I'm started to work on it.

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