Daily Edition · Page 12

THE DAILY INDEX

Technology, AI, software, security, crypto and business

Continued

TLDR Founders — continued

ABSTRACT WARFARE: HOW TSMC MADE ITS OWN MARKET

TSMC made it possible to start a chip company without building a factory or depending on a manufacturer that sold competing chips. It manufactured for other designers and committed not to compete with them. A factory's huge upfront cost became something a designer could pay for as its business grew. TSMC initially survived on work existing chipmakers didn't want, while its future customers were still forming. Which expensive step must every new entrant in your market own, and could you sell that step without competing with the companies buying it?

MIT CLASS PROJECT TURNS INTO AN FDA-CLEARED TREATMENT FOR TREMORS

Encora's tremor wristband had people asking to buy it after a student demonstration, but it was nine years from that demonstration to FDA clearance. The MIT team chose the idea by a 16-to-one vote. Its proposer was the only dissenter. After initially working on Parkinson's, the company shifted to essential tremor, citing more patients and less drug-development activity. Its clearance covers adults with essential tremor. If your prototype attracts buyers, which patient group can you actually seek clearance to serve, and how long can you fund the trials needed to reach them?

I DESIGNED A NOSE GUARD FOR MY DOG AND GAVE IT AWAY. NOW 500 DOGS WEAR ONE

People wanted SnoutCover's dog nose guard but couldn't easily print and assemble the free design themselves. After trying to help them find local printers, its maker opened a shop. The first order arrived 16 days after the website went up. A year later, it had 395 orders across 16 countries. Customer photos led to better straps and custom fits. The design remains free, while the shop sells finished covers. If you give away a design, check which requests are for changes to the file and which are asking you to make it.

TLDR IndexPage 12