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So you want people to apply with what a v1 of the product should look like and a vision ? Why should people do that for free and what guarantees do they have yo
by aprdm 7y ago
So you want people to apply with what a v1 of the product should look like and a vision ? Why should people do that for free and what guarantees do they have you won’t Profit off the suggestions ?
IMO this is very shady.
- kordlessagain 7y agoI've heard the story that the idea doesn't matter. It's the team that matters, with a good idea. I'm not saying this is true or not. Probably depends. In this case, they are presenting their "ideas" as a "shell" of an idea and soliciting anyone who is willing to match their expectations in "good team". They talk about a product by a Sell-Side Research Firm which enables a "robust research industry to help investors make better trading decisions". That's not a product. It's a meme. They even say it: Think Morningstar for private markets. A better idea is an AI crawler just for me, which only crawls what is relevant and deletes the rest from the search index.
- notahacker 7y agotbf, if you can convince someone you and your cofounders have a better approach to portfolio analysis and sell-side research than all the finance professionals etc doing it [big if] they'll make more investing in you than trying to replicate what you've suggested you might do, and you've got a much more defensible business model than the average founder pitch. Of course, you've also got well-established competition you're not going to beat by scaling really fast and having better marketing