3 ms·
This is the wrong approach, in my opinion. For a product in a relatively new space, getting a good team together and showing traction makes sense. For something
by robbrown451 9y ago
This is the wrong approach, in my opinion. For a product in a relatively new space, getting a good team together and showing traction makes sense. For something like this, it is putting the cart before the horse. To the extreme.
Beyond anything else, what I'd like to see is a plan. And mostly, a plan for cracking the network monopoly that facebook has. Maybe the new thing will start as a "facebook helper" that allows users to easily scrape and manage facebook data, and allows you to post/contribute to multiple networks at once. Eventually it can allow people to transition away from facebook gradually, but in the meantime, it gives you extra power on facebook and most importantly, doesn't dump you in some isolated network where you suddenly have five friends rather than 500.
- loceng 9y agoI agree. Likewise, the VC model is part of the problem, including the unreasonable returns they expect - because they're making so many bets, so they don't really have to believe or understand why an investment will succeed; one of the most difficult parts will be putting together the initial team, and then growing the team, which in this situation requires a buffer of money - along with a strong vision being honestly lead, without attempting to bank on hype. I've been evolving a plan and strategy over the years to address these problems, unfortunately it's all mostly on hold while I try to organize more stem cell injections to heal chronic pain I have; our healthcare systems aren't adequate in dealing with uncommon scenarios either.