4 ms·

Actually, there is one thing I can do perfectly now: I can listen to an app idea and tell you how much money it will make. If I knew developer who needed 5k to

Actually, there is one thing I can do perfectly now: I can listen to an app idea and tell you how much money it will make. If I knew developer who needed 5k to make apps, I'd def invest in them. I don't know any however, the ones I know don't need 5k.

ericb 17y ago
Any tips on evaluating app ideas?
- maxklein 17y ago
  It's a complicated collection of things, but a lot of it boils down to: how many people will get what the app does from the title and the icon. And also, will your consumers search for the app? For example, if I had an app called "Table Tennis" it will make money. If I had an app called "River" it is less likely to make money, unless strongly externally marketed. First app has search right from release, and everyone gets it instantly. Second app says nothing from the name and nobody searches app store for "river". You need a constant low source of users for word of mouth to work.
thetrumanshow 17y ago
Turn this into a service.
joelhaus 17y ago
Hedge the risk incurred by your "mini-venture app fund" with other peoples money. Given your track record with app development, there would certainly be demand from third party investors for the expertise you bring to the table. Simply offer investors less preferable terms than those you are able get from the app developers that pitch their ideas to you. Not the easiest approach, but after addressing any regulatory hurdles, lining up investors and getting a system in place, you can focus on investment opportunities and leverage up the capital you are currently earning. Your passive investors will be more likely to part with their money if you have some skin in the game yourself. This will have the added benefit of allowing you to diversify into a wider range of apps with higher monetary barriers to entry.

4 ms·

Actually, there is one thing I can do perfectly now: I can listen to an app idea and tell you how much money it will make. If I knew developer who needed 5k to

by maxklein 17y ago

ericb 17y ago
Any tips on evaluating app ideas?
- maxklein 17y ago
  It's a complicated collection of things, but a lot of it boils down to: how many people will get what the app does from the title and the icon. And also, will your consumers search for the app? For example, if I had an app called "Table Tennis" it will make money. If I had an app called "River" it is less likely to make money, unless strongly externally marketed. First app has search right from release, and everyone gets it instantly. Second app says nothing from the name and nobody searches app store for "river". You need a constant low source of users for word of mouth to work.
thetrumanshow 17y ago
Turn this into a service.
joelhaus 17y ago
Hedge the risk incurred by your "mini-venture app fund" with other peoples money. Given your track record with app development, there would certainly be demand from third party investors for the expertise you bring to the table. Simply offer investors less preferable terms than those you are able get from the app developers that pitch their ideas to you. Not the easiest approach, but after addressing any regulatory hurdles, lining up investors and getting a system in place, you can focus on investment opportunities and leverage up the capital you are currently earning. Your passive investors will be more likely to part with their money if you have some skin in the game yourself. This will have the added benefit of allowing you to diversify into a wider range of apps with higher monetary barriers to entry.