Ergo, since you can't make a profit without revenue, your path to revenue is of utmost importance and should be one of the very first things you consider.
Ask HN: idea for a startup, how important should be the path to revenue?
11–20 of 23 posts
Re: Ask HN: idea for a startup, how important should be the path to revenue?
#12It sounds like you enjoy products/coding more than you enjoy businesses. Be careful here- Every month that passes in your startup's life, you'll be spending LESS time on user-facing product/code and more time on marketing/sales/support/hiring/etc -- all of the things that fuel and sustain growth.
Re: Ask HN: idea for a startup, how important should be the path to revenue?
#13Start with something that generates revenue. This will give you experience with making money. It will give you experience completing a project. In other words, it will give you a track record.
A track record will help you attract people (co-founders, investors) to your next idea (or to your initial one). Revenue will allow you to pursue other ideas or expand your first business.
However, don't take any of this as advice to start your own company in lieu of taking a job.
Re: Ask HN: idea for a startup, how important should be the path to revenue?
#14When you are deciding what your venture should be, I try to think about risk vs. reward ... make sure those "fun" (read: risky) projects have the potential to be home runs, otherwise it is a bad investment of your time and effort.
Re: Ask HN: idea for a startup, how important should be the path to revenue?
#15Also, keep in mind that a startup is really an experiment. Every day you should be learning something new and tweaking your business accordingly. By focussing on revenue you start learning how to make money from the beginning. If your initial focus is on a wide userbase, then you learn nothing about the money-making side which is likely to be very different from just getting users.
Re: Ask HN: idea for a startup, how important should be the path to revenue?
#16We only live once.
Whining version - there's no kids and family to support now, no house to pay, no car to pay, etc.
You know you can always get a job later on if things dun work out.
Re: Ask HN: idea for a startup, how important should be the path to revenue?
#17Re: Ask HN: idea for a startup, how important should be the path to revenue?
#18If you have to think of a problem to solve, you won't know if you're solving it unless you've dealt with that problem directly.
Re: Ask HN: idea for a startup, how important should be the path to revenue?
#19Re: Ask HN: idea for a startup, how important should be the path to revenue?
#20If you don't have an idea yet, why are you refusing job offers to start a yet-to-be-determined company? Anytime someone asks "What kind of business should I start", the correct answer is none. You should continue learning, working on things and find your passion. That passion will create an undeniable pull that will lead you to starting a business you'll stick with through good times or bad.
And the field of learning is narrowed down to your job description. Might be a plus or a minus. Starting a company enforces multiple broad and steep learning curves. Might be a plus or a minus.