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Have you guys ever heard of Sprouter? They are basically in the exact same problem space. They were able to get a huge amount of traction in the entrepreneurial
by katherinehague 15y ago
Have you guys ever heard of Sprouter? They are basically in the exact same problem space. They were able to get a huge amount of traction in the entrepreneurial community. However they are currently facing financial difficulties after not being able to monetize the concept despite about three years work and multiple iterations. I think that you guys probably need to take a hard look at what your business model would be if you were to continue the project, and what value you would really be providing an potential acquirers.
I went and took a quick look at your site. While I won't pretend to know your user base, the value proposition and messaging doesn't seem to be that strong. The site starts with > "Ridden by evil entrepreneurs and people who follow their dreams.We know, that's wierd. You were warned."
Despite the obvious typo, its not very clear to me what you do. I know word of mouth might be what has brought you traction thus far, but apart from that I couldn't imagine myself signing up if I just landed on that page.
There is certainly merit to the idea of bringing entrepreneurial people together, but you aren't without significant competition, and you aren't in a space that has yet discovered a viable business model. I'd take a long hard look at your overall strategy and market approach before investing heavily in the same direction.