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It sounds like the three domains you guys have experience in are software, biz Dev, and private equity. I would stay the fuck away from software because it's a
by JamesBarney 9y ago
It sounds like the three domains you guys have experience in are software, biz Dev, and private equity.
I would stay the fuck away from software because it's an incredibly crowded field, that is notoriously cheap.
But private equity and biz Dev are great domains to be in. People will easily write big checks to solve small problems in those domains.
Have those two guys on your team talk to everyone they know in their respective spaces about what problems they have that they'd be willing to spend money on.
Basically your goal is to find out what problem keeps VPs in those respective domains up at night. And then brainstorm some way to make them worry a little less. Then shop it out to those same guys to see if anyone is willing to buy or help fund the app. Do this over and over again until you find an idea that works.