Go / no-go decisions · TAM/SAM/SOM · Framework-led recommendations
Market Opportunity Analysis That Turns Data Into a Decision.
After 884 market opportunity analyses across 414 industries, we can spot a $160M opportunity from a $2M trap in the first week. You get a defensible TAM/SAM/SOM, a competitive map without blind spots, and a clear go/no-go — not a 200-page deck that ends with 'it depends.'
- TAM/SAM/SOM built three ways and reconciled before the recommendation is written
- Frameworks applied end-to-end: Ansoff, Porter, SWOT, PESTLE — against your actual question
- Retainer-based · 2–4 weeks standard · 7–12 day expedited when data is ready
Waveup is a boutique strategy and fundraising advisory that has completed 884 projects across 414 industries in 64 countries since 2014. Waveup's market opportunity analysis work has supported $3B+ raised across 600+ companies, including a South Korean turnaround that delivered $160M in retail sales. Clients have raised from Antler, Bessemer, Creandum, Cherry, and a16z.
Chosen by global brands and VC-backed startups
The numbers behind our market opportunity analysis practice
When you need a market opportunity analysis
A market opportunity analysis is the go/no-go decision framework that sits between raw research and real execution. After delivering MOAs across insurtech, education, real estate, lithium, e-commerce, B2B SaaS, healthtech, CPG, industrials, and sports, these are the six moments founders reach for one.
You're about to commit capital, hiring, and leadership bandwidth to a new market. Before you build the entry plan, you need to know the opportunity is real. Our MOA sizes the prize and spots the blind spots; once the answer is 'enter,' our market entry strategy engagement builds the execution plan.
Your pitch deck market slide or CIM market section is about to meet investors who know the sector. Generic TAM math gets you dismissed; a defensible TAM/SAM/SOM — built on our market research engine and reconciled three ways — gets you a second meeting. We build the version that survives the partner round.
The board wants a yes or a no, not another workshop. A structured MOA — framework-led, recommendation-first — gives the board the evidence to approve, defer, or kill a product line without another six months of committee meetings.
You have five opportunities on the table and capital for one. Our MOA scores each against TAM, competitive intensity, internal capability, and time-to-revenue — then ranks them. The output isn't a report; it's a prioritized list you can action this quarter, and it feeds straight into our market entry strategy engagement for the winner.
Revenue is flat. You can't tell if it's the market, the product, the distribution, or the pricing. We've diagnosed exactly this pattern for a top-10 global footwear brand in South Korea — the answer was distribution, and the turnaround delivered $160M in retail sales. MOA is often the diagnostic step before a growth pivot.
VCs don't fund TAM; they fund believable SOM with a path to SAM. Our MOAs have fed directly into decks that raised from Antler, Bessemer, Creandum, Cherry, and a16z. If you're raising, our fundraising consulting engagement bundles the MOA into the full investor package.
Frameworks inside a Waveup MOA
- TAM / SAM / SOM
- Ansoff + SWOT
- Porter + landscape



Our market opportunity analysis process
01 · Scoping
We pin down the exact decision — enter/exit, launch/kill, prioritize — so every downstream step serves one question, not a generic market report.
02 · Primary research
5–15 customer interviews plus expert and distributor calls, powered by our market research engine. We hear the market before we open a spreadsheet.
03 · Market sizing
TAM/SAM/SOM built three ways — top-down, bottom-up, value-theory — and reconciled on a single slide that holds up under partner-round scrutiny.
04 · Frameworks applied
Ansoff, Porter's Five Forces, SWOT, PESTLE — each framework run against the scoped question, not applied generically. Every framework surfaces a different blind spot.
05 · Recommendation
We write the one-paragraph go/no-go before the deck is built. If we can't write it, the analysis isn't done. Roughly 20% end with 'don't do it.'
06 · Handoff
30–60 slide deck, supporting financial model, 90-minute strategy session — plugs into your pitch deck and CIM market sections.
Bundled with research, entry strategy, and fundraising
Every MOA is backed by our market research engine — 414 industries, 64 countries, 50+ data sources per project. Research is the input; the MOA is the decision layer on top
Once the MOA recommends 'enter,' our market entry strategy engagement builds the execution plan — mode selection, localization, partner mapping, GTM sequencing across 50+ executed entries
For founders raising, the MOA output plugs into the pitch deck market slide and the CIM market section — no re-research, no number-drift between documents. See our growth strategy engagement when the question is about the next 18 months, not the next market
Recommendation-first, not report-first
The deliverable is a decision, not a data dump. We write the one-paragraph recommendation before we build the slides — if we can't, the analysis isn't finished
Roughly 20% of our MOAs end with a 'don't do it' recommendation. That saves the client 12–24 months of wasted execution and preserves the capital for the opportunity that does clear the bar
Industries we've analyzed: insurtech, education, lithium and batteries, real estate, e-commerce, B2B SaaS, healthtech, CPG, industrials, cannabis, sports and retail, deep tech — across 64 countries
Market opportunity analysis case studies
South Korea golf turnaround · top-10 global footwear brand
Five years in, sales were weak and share was shrinking. Our MOA diagnosed distribution as the root cause and recommended a partner switch.
- $160M retail sales in 12 months, 65,000+ pairs sold
- Market share <5% → 15% in one year
- 100+ new distribution points

Saudi mixed-use real estate · $149M raise
70+ pages of technical research distilled into an opportunity narrative for a first-of-its-kind AR/VR museum + retail + food complex with no regional precedent.
- Positioned as a first-mover premium experiential destination
- MOA output fed straight into pitch deck and CIM market sections
- $149M raised; project under development

LATAM e-commerce aggregator · $12M seed
We repositioned a Thrasio-style aggregator from 'global' to a focused LATAM category leader with a ranked market-by-market thesis.
- Analysis across six LATAM markets; lead with Brazil and Mexico
- Competitive positioning narrowed to a defensible regional leader
- $12M seed from Tier-I US investors; deck featured in Business Insider

Which framework for which question
Market opportunity analysis engagement tiers
Three scopes, three timelines, one recommendation-first deliverable. Retainer-based across all tiers.
Scope your MOAStandard MOA
For board-mandated strategic reviews, investor-grade market slides, and pre-entry diagnostic work.
- Retainer-based · 2–4 weeks standard turnaround (7–12 day expedited available)
- Multi-framework depth: TAM/SAM/SOM, Ansoff, Porter, SWOT, PESTLE
- 50+ data sources, 5–15 primary interviews, 15-dimension competitor matrix
- 30–60 slide deck, supporting financial model, 90-minute strategy session
MOA + GTM Plan
For founders who want a decision and an execution path in a single engagement.
- Retainer-based · 4–6 weeks end-to-end
- Full MOA plus a go-to-market plan once the recommendation is 'enter'
- Bundles with market entry strategy execution and growth strategy roadmap
- Direct handoff into pitch deck or CIM market sections
Services that extend a market opportunity analysis
Market research services
The research engine behind every MOA. 414 industries, 64 countries, 50+ sources per project — the data layer that feeds the decision framework.
Market entry strategy
Once the MOA recommends 'enter,' this is the execution plan — mode selection, localization, partner mapping, GTM sequencing across 50+ entries in 64 countries.
Growth strategy consulting
When the question is about the next 18 months, not the next market. MOA is step one of every growth strategy — we ship both as a connected engagement.
Fundraising consulting
Your MOA plugs into the pitch deck market slide and the investor memo. We've supported $3B+ raised, including rounds from Antler, Bessemer, Creandum, Cherry, and a16z.
Pitch deck design
The market slide buyers and VCs remember — built from MOA output, not recycled TAM math. 800+ decks designed to the same standard.
Confidential Information Memorandum
For sell-side M&A, the MOA becomes the CIM market section. Same research, same numbers, same recommendation — now inside the document buyers read.
Market opportunity analysis FAQ
What is a market opportunity analysis?
What's the difference between market opportunity analysis and market research?
What are the 5 stages of a market opportunity analysis?
What are the 4 basic market opportunities?
What frameworks do you use in a market opportunity analysis?
How long does a typical market opportunity analysis take?
How much does a market opportunity analysis cost?
Can you show me a market opportunity analysis example?
What industries have you done market opportunity analyses for?
What's included in a Waveup MOA deliverable?
When should you NOT do a market opportunity analysis?
How is market opportunity analysis different from a TAM/SAM/SOM analysis?
Do you do market opportunity analysis for international markets?
Can you run an MOA in parallel with our fundraise?
Do you guarantee the recommendation will be favorable?
Will the data I share be confidential?
Talk to the team that sizes your next decision
30-minute discovery call. We'll listen to the decision you're trying to make — enter, launch, prioritize, pivot — and tell you what an MOA built around your question should cover, how long it should run, and how fast we can ship it. No proposal, no pitch.



















