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The good ones know how to tell a story... a lot of them can't even do that. They just have wealthy friends/family or made some money from another deal where the
by throwaway2016a 10y ago
The good ones know how to tell a story... a lot of them can't even do that. They just have wealthy friends/family or made some money from another deal where they got lucky and think they can do a startup.
I work at a consulting company and it's amazing. Some of the customers come in and have five employees, no product, no story, but a rich dad.
I have literally seen a millionaire dad sit across their kid in a meeting trying to explain what minimum viable product is and ended up giving in and paying to have their over-blown product made anyway. It's worth noting that we also explain and strongly encourage the client to stick to MVP, we never recommend overly broad feature sets.
Not saying those are common but they do exist.
- duaneb 10y agoIt's so odd. Most of the attraction I see in starting a business is the problem of bootstrapping it—there are many business ideas that are attractive, and the game is in separating the viable ones from the busts. I'm not sure why you would start one if you really just want to be a PM and not think about the cash flow.