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30kloc and $0 revenue. Lessons from my failed startup (& code release)

truffles.me.uk

41–50 of 102 posts

Re: 30kloc and $0 revenue. Lessons from my failed startup (& code release)

#41
Maybe if you made the app free to use and have introduced a karma system , such as the one on StackOverflow, it would maybe make your (ad)venture more successful.

Personally the Flex UI puts me off -- the first impression after clicking the demo button. (The site frontpage looks ok)

I agree that a simple text annotation version would be much better and appealing. (its easier to upload a .doc or .pdf of your work, than scanning it, people who prefer to handwrite are less likely to use any online services than those who prefer doing stuff on their computer when possible

Re: 30kloc and $0 revenue. Lessons from my failed startup (& code release)

#42

Great article. I don't think we can repeat this enough: Hard work != value. Clever code != value. Writing something hackers think is cool != value. Sometimes I think the hardest part of startups is re-aligning our value system from what we've learned in school and society into something that's actually useful for startups.

Very true. I've been thinking that although I started coding to make a business (tho I used to write QBasic games when I was 10 too), I developed a coder's value system. I can't seem to keep in mind that code is a means to an end !

[deleted]

Re: 30kloc and $0 revenue. Lessons from my failed startup (& code release)

#44
You coded it in six months and the whole project start to when you gave it up was only a year? Most startups I know of take several years to get any revenue at all. You need to have brass balls and a rich friend / family / side consulting to keep eating and paying rent / expenses.

You received 3000 GBP in startup money competitions, no strings attached, the first year. That's pretty damn good. I know startups that have raised a million dollars and don't have that much revenue.

Don't forget advertising. Sure you need lots of hits to make good revenue, but I know guys living off only ads for their apps. They also offer paid versions, but these tend to be a minority of the revenue. Don't underestimate what adsense/admob plus some social media exposure can get you.

You probably don't realize how successful you are already. That leads me to believe that if you stick to it, you're going to be quite successful. It may take 20 years, but eventually you're going to get some traction.

It's not the idea. It's not really even execution. It's persistence. If you keep trying your startup long enough, you'll eventually make enough to live. Maybe not be rich, maybe not make as much as you could have in a big corp (TM), but you'll survive, and you'll be your own boss.

My family has been doing startups for literally generations. I'm not rich, and neither are they, but we've survived. We did it by being persistent.

Stick with it, and I know you'll succeed. Don't give up.

Re: 30kloc and $0 revenue. Lessons from my failed startup (& code release)

#45
FWIW: I had a student cheat by using a paid answer service during a final exam (in class but done online, easy to abuse a website when I'mnott looking). I figure it cost him over $300 to buy the answers (obviously not his writing style and proficiency); still failed the class.

Make sure assisting on those "practice" exams aren't real ones.

Re: 30kloc and $0 revenue. Lessons from my failed startup (& code release)

#46

You coded it in six months and the whole project start to when you gave it up was only a year? Most startups I know of take several years to get any revenue at all. You need to have brass balls and a rich friend / family / side consulting to keep eating and paying rent / expenses. You received 3000 GBP in startup money competitions, no strings attached, the first year. That's pretty damn good. I know startups that ha…

this can be dangerous thinking.

sticking with a project that has no momentum for a long time can be a huge waste of time. better to focus on finding momentum as quick as possible either in the current project or abandon and find new one. there's a lot of interesting things to do in the world

Re: 30kloc and $0 revenue. Lessons from my failed startup (& code release)

#48

There's a more fundamental flaw, something that you wouldn't have uncovered by interviews.... 1. For the money to get someone to review your paper, you can get someone to write it for you. http://www.bestwritingservice.com/ has essays for ten dollars a page. If you're willing to pay someone 20 bucks to review your essay, you're willing to pay 50 to write it. 2. Most universities have writing centers where people will…

Re your point one: This service wasn't for help with what an American would call term papers. It was for help with exams, which you have to write yourself (unless you hire someone to impersonate you, which I'm sure is not unheard of in big classes but is certainly riskier).

Re: 30kloc and $0 revenue. Lessons from my failed startup (& code release)

#49

There's a more fundamental flaw, something that you wouldn't have uncovered by interviews.... 1. For the money to get someone to review your paper, you can get someone to write it for you. http://www.bestwritingservice.com/ has essays for ten dollars a page. If you're willing to pay someone 20 bucks to review your essay, you're willing to pay 50 to write it. 2. Most universities have writing centers where people will…

The set of people willing to pay for a paper and the set of people wanting to have _their_ paper reviewed are probably (hopefully?) disjoint.

As such I'm not sure it is too useful to compare the prices.

Re: 30kloc and $0 revenue. Lessons from my failed startup (& code release)

#50

There's a more fundamental flaw, something that you wouldn't have uncovered by interviews.... 1. For the money to get someone to review your paper, you can get someone to write it for you. http://www.bestwritingservice.com/ has essays for ten dollars a page. If you're willing to pay someone 20 bucks to review your essay, you're willing to pay 50 to write it. 2. Most universities have writing centers where people will…

Re your point one: This service wasn't for help with what an American would call term papers. It was for help with exams , which you have to write yourself (unless you hire someone to impersonate you, which I'm sure is not unheard of in big classes but is certainly riskier).

You're right, I misread that. At that point, why not just go to the professor or TA during office hours? Maybe other Universities work differently, but each class had office hours where I went to school, and most students didn't take advantage of that. And who writes out example exam questions anyway?

So yes, I stand corrected, Customer development would have uncovered those problems.

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