The first ever video-sharing service was launched in 1997 under the name “ShareYourWorld.” Like Youtube, it allowed users to upload and host videos for free.
At the time, less than 2% of the world’s population was on the internet (today, we’re at 67%), and everyone was on 56k modems. Social media hadn’t yet taken off, and videos could only spread via email chains.
This service had the right idea at the wrong time and went bankrupt in 2001, 3 years before YouTube came into the picture.
Success often requires us to be at the right place at the right time, but the right timing is often more a function of luck than skill.
Rather than getting too caught up in trying to time the perfect idea, an alternative strategy is to develop more ideas more often to increase our chance of having the right idea at the right time.