- Use a top-down and bottom-up approach to understanding your true market potential. Venture capital funds are looking for multi-$B market opportunities. If it is a new product, you can’t necessarily use a top-down approach. Also, in 5 or 10 years, how big is the market opportunity then, assuming your first product iteration is different from the long-term vision.
Market Sizing example
TAM Methodology: An Explanation and Example of Total Addressable Market Analysis
Target Market Planning & Market Opportunity Sizing