How making money changed my perspective on startup ideas
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How making money changed my perspective on startup ideas
1–10 of 23 posts
Re: How making money changed my perspective on startup ideas
#2Dont click on that kroosma link, it started thousand windows in chrome.
Re: How making money changed my perspective on startup ideas
#3Solid advice. When we started http://thinkcode.tv we immediately asked the question, will people be willing to pay for screencasts? The existence of other companies selling screencasts, like PeepCode, PragProg, Lynda, VTC (and many other emerging ones) reassured us, rather than scare us away. I still get the impression that the market is more keen to ebooks than screencasts, but it would have been foolish to start without some form of market research.
Re: How making money changed my perspective on startup ideas
#4I'm sorry to say this, but that is a lot of text for basically saying: "no market -> no sales"
Re: How making money changed my perspective on startup ideas
#5AFAIR economics, starting a company in a market segment with established competitors may reduce risk, but it may reduce profitability by the same degree. E.g. starting selling hot dogs in place where there are 5 other hot dog sellers has high chance for break-even profitability and low chance for exponential business growth. However this may not be true for some rapidly growing markets highly sensitive to innovations.
Re: How making money changed my perspective on startup ideas
#6I'm sorry to say this, but that is a lot of text for basically saying: "no market -> no sales"
There are plenty of articles that can be summed up in four words. That doesn't mean they aren't worth reading to get the bigger picture, details, examples, etc.
Re: How making money changed my perspective on startup ideas
#7I'm sorry to say this, but that is a lot of text for basically saying: "no market -> no sales"
This could be a new summary format.
In Search of Lost Time: "lost youth -> melancholy adulthood"
Odyssey: "angry gods -> misplaced hero"
The Bible: "believe it -> live forever"
Re: How making money changed my perspective on startup ideas
#8He was 18 years old and his first idea made no money. Now he is making money and has some insights he wants to share. I don't necessarily place much stock in the conclusions he draws but the story has some value. Details of how and why something failed and what the people learned from it can help others, depending upon what that specific individual is in need of better understanding.
Re: How making money changed my perspective on startup ideas
#9Although he learned his lesson and that's the biggest thing to take away from this, his original mentality pretty much sums up why 75% (or whatever number it is nowadays) of startups fail.
The moral of this article is a pretty basic, common-sense parable. Not sure why the author had to fail to learn such rudimentary things as "no market = no business" and "no research = bad" but at least he learned his lesson.
Re: How making money changed my perspective on startup ideas
#10He was 18 years old and his first idea made no money. Now he is making money and has some insights he wants to share. I don't necessarily place much stock in the conclusions he draws but the story has some value. Details of how and why something failed and what the people learned from it can help others, depending upon what that specific individual is in need of better understanding.
The conclusions he draws are very much inline with the basic concepts you learn in marketing 101.