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Great article (which I reposted on swombat.com). One comment I'd have is that the "growing" characteristic is very important! I followed this approach for my fi

by swombat 16y ago

Great article (which I reposted on swombat.com). One comment I'd have is that the "growing" characteristic is very important! I followed this approach for my first startup, and thought it would be a walk in the park. However, the industry we started in (audio on the web) was tanking in 2007 and that was one of the important issues amongst the many problems we hit...

paraschopra 16y ago
Interesting. So you are saying you picked a growing industry and it tanked?
- swombat 16y ago
  No, quite the opposite! We picked an industry that was making money for others, and which we were interested in, and it turned out to be a fast-shrinking industry (who wants to pay for audio broadcasting products when they can get YouTube videos for free!) and at was one of the numerous reasons why the product didn't work out. There were others for sure, but this was a factor too.