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I think that a big part of the problem is that the economy fundamentally doesn't make any sense anymore so it's impossible for entrepreneurs to predict what the
by cryptica 7y ago
I think that a big part of the problem is that the economy fundamentally doesn't make any sense anymore so it's impossible for entrepreneurs to predict what the market wants.
Nowadays, the market wants products made by companies whose founders have raised a lot of VC money and which are heavily advertised.
If you're working on a product and you don't have good business connections, then you should make your product as perfect as possible because otherwise you don't stand the slightest chance in this economy.
It used to be that your product had to be 10x better than the competition in order to make any impact, nowadays, 10x better is not enough to even be noticed; consumers just follow the capital.
- bluGill 7y agoWho you know always has and always will be more important than what you know. If you don't know everybody find that person who does. Remember, Jobs got richer than Woz, but Woz wouldn't have anything without Jobs: take what you can get and don't worry about someone else getting more so long as you are not completely cheated.