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Choosing your first market abroad: size isn't everything
Whether you pick the right first market often decides whether the team builds repeatable experience.
Many teams pick their first overseas market by size alone, overlooking regulatory difficulty, payment and acquisition cost, and fit with their product. The first market is really a learning exercise; a good pick builds a repeatable method.
Pragmatic dimensions include regulatory and compliance bar, payment and data infrastructure, competition and acquisition cost, and localization difficulty versus your resources.
Treat the first market as a starting point for capability, not a bet: use it to close the compliance-payment-growth loop, then replicate to similar markets.