I wasted $40k on a fantastic startup idea (2020)
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I wasted $40k on a fantastic startup idea (2020)
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Re: I wasted $40k on a fantastic startup idea (2020)
#2As a tiny little start up, dumping 40k on product development is (to me) a significant chunk of change. I do wonder if the author could've pulled in the MVP, tightened up the release cycles, before discovering that he was unable to "Make something people want".
Re: I wasted $40k on a fantastic startup idea (2020)
#3I feel like I've read this exact story before?
Re: I wasted $40k on a fantastic startup idea (2020)
#4I've also spent a lot of time on a side project (gravametrics.com). I never spent $40k on it but I've instead done everything myself and it appears to be a non-starter.
I think you need something with a very concise value prop I'm working on that for my next thing right now. Something simple.
FYI don't use AWS for these sorts of projects use something cheaper.
Re: I wasted $40k on a fantastic startup idea (2020)
#5It was posted before multiple times and generated 2 big discussions:
https://news.ycombinator.com/item?id=25825917 https://news.ycombinator.com/item?id=21947551
Re: I wasted $40k on a fantastic startup idea (2020)
#6I feel like I've read this exact story before?
I feel like I've done this exact story before... more than once.
The problem is you don't ever make something NOBODY wants. Then it would be so easy to walk away.
You make something a few people want, and a lot of people SAY they want, but they don't want it enough to pay you so much that your company can succeed rapidly, so you waste a lot of time and die slowly.
Re: I wasted $40k on a fantastic startup idea (2020)
#7I feel like I've read this exact story before?
Oft reposted, usually engenders an interesting discussion about MVPs though so I enjoy reading the comments everytime
Re: I wasted $40k on a fantastic startup idea (2020)
#8Way too long before testing any sort of product market fit, but I'm surprised the author didn't think to pitch to insurance companies.
Re: I wasted $40k on a fantastic startup idea (2020)
#9Thank you for trying this, and even more for writing it up.
People talk about bad startups that do happen, but not nearly enough about good ones that don’t. We should be at least as outraged at the systems that quietly steal what could have been.
Re: I wasted $40k on a fantastic startup idea (2020)
#10Way too long before testing any sort of product market fit, but I'm surprised the author didn't think to pitch to insurance companies.
I wonder if the founder has contemplated reviving and repositioning it?