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A colleague of mine more than a decade ago started a company in the alternative energy space with very interesting yet extremely difficult and unproven technolo
by ttul 7y ago
A colleague of mine more than a decade ago started a company in the alternative energy space with very interesting yet extremely difficult and unproven technology. It took them a decade to find out that the performance of the technology was not quite good enough to be commercially successful.
He burned perhaps a third of his working life grinding away on something that won't succeed - perhaps at all. Yes, there is some chance of a base hit OEM deal for a very niche application of the technology. But it's definitely not making anyone rich after so many years.
Hard startups are exciting and fun, but unless you are already rich, it may not be worth the risk. Comparatively, you could spin up and fail five times at an "easy tech" startup and perhaps have a greater overall chance of winning the one time that you need to win to make it all worthwhile.
- mrg3_2013 7y agoVCs are incentivized to see more hard startups start. As a founder, I agree you don't want to be doing it, unless you life goal aligns with it or you are already rich.