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For what it is worth, I tried this business model, IE: consulting focused on startups. Problem was, startups by and large are grossly undercapitalized, have hug
by poulsbohemian 8y ago
For what it is worth, I tried this business model, IE: consulting focused on startups. Problem was, startups by and large are grossly undercapitalized, have huge business swings, and often you are dealing with first-time entrepreneurs who have no idea what things cost or how long they will take, but also aren't willing to be educated (because they are scared and there is a lot of risk). Point being - it's hard to sell services successfully to that kind of customer.
I should point out too that many investors want to see a team of employees, because they are investing in the strength of the personnel. So they didn't like this idea of a startup built using contract / outside talents.
- inimino 8y agoFWIW, I had basically this exact experience and met exactly these difficulties. It can be done, but the market is just a lot smaller than "all startups".