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Sorry to break it to you, sport, but nobody cares about your "ideas" if you don't execute.

• EGreg 16y ago
  but I did execute. The website is there, and I signed up 100 tutors and got a bunch of students. I got those 100 tutors in a week without any expenses. Even after I abandoned it, the tutors kept signing up for a while afterward. That showed traction on the tutor side. I couldn't convince anyone to invest into it because I only asked family and friends. how do you figure?
  • EGreg 16y ago
    It's not that I didn't execute. I didn't know anyone who actually cared. I even made a professional business plan about the 4 billion dollar tutoring market and what I was planning to do. The one rich guy I talked to did not know much about computers and just said "students have no money, I won't invest" -- this is a guy who wanted a friend of mine to build a botnet for him so he can generate traffic to his lead generation business :P I tried to explain that when it comes to education, students spend quite a lot, especially when they are in need... but it didn't fly. The bottom line is, you gotta execute AND have existing relationships with people! Both are important factors in a startup's success.