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I am so sad after reading this article, this confirms an essay I shared on HN last year : http://read.reddy.today/read/5/new-entrepreneurs-are-no-longer-wise h
by r2dnb 11y ago
I am so sad after reading this article, this confirms an essay I shared on HN last year :
http://read.reddy.today/read/5/new-entrepreneurs-are-no-longer-wise http://read.reddy.today/read/5/new-entrepreneurs-are-no-long...
It looks like the startup community is discovering how to start a profitable business.
>This means startups need to do things like setting a strategy to select the best customers out of the pie, and serving them with better products.
>If possible, it is always better to set up a company or service so that the wrong customers never come in the front door in the first place.
Really, I find this article sad and laughable. It's like Silicon Valley is discovering fire.
This unspecified strategy used to be called marketing in ancient times...
>When a bad customer makes it into your system, eat the cost and rip off the bandaid.
I'd be very concerned if I created a business system in which there was a possibility for me to lose money with a customer. That's where the issue is, this concept of firing customers is just fun.
First time I write a negative comment but the state of tech entrepreneurship is just so disappointing. Most young people really have no clue on what they are doing.