3 ms·

> A person who chases two rabbits catches neither. -Confucius. A low success rate is not a sign you're doing things right. If you're solving a real problem peo

by Flankk 4y ago

> A person who chases two rabbits catches neither. -Confucius. A low success rate is not a sign you're doing things right. If you're solving a real problem people will not have an issue paying you. There is a real opportunity cost to starting a business and I would not advise anyone to use this strategy. For starters, I don't see how anyone could possibly have 70 projects. I can only assume they are a con artist.

jimhi 4y ago
It’s software. Most of the time consuming work can be copied after the first time. User accounts, payments, etc. There is also a fair amount of stories out there in hit based industries (startups, games) where people have documented their 50+ projects. Its hard yes. It can also make a lot of money. Few people are willing to do it or it would be more common.
- deadcoder0904 4y ago
  the company (rovio) that built angry birds only succeeded after 51+ failed games. source: https://entrepreneurshandbook.co/how-a-bunch-of-angry-birds-turned-around-a-failing-startup-b39f2fe1adca https://entrepreneurshandbook.co/how-a-bunch-of-angry-birds-...
  - Flankk 4y ago
    Company, not individual. There is a list on Wikipedia but it shows 34 games, not over 50. It's a shovelware factory. They farmed the work out to employees and contractors. I think they got lucky, they were on the verge of bankruptcy. Not efficient or repeatable.
dinvlad 4y ago
He built all/most of those in public, btw. Which is part of how he was able to develop a lot of well-deserved trust. This strategy has a very good reasoning, but I do think it's hard because not everyone is able to develop a huge following easily (even in daily life).
runako 4y ago
"If you're solving a real problem people will not have an issue paying you" The counter to this is you don't know at the outset: - whether you have identified a real problem - whether you are solving the problem the right way - whether the amount the buyers are willing to pay aligns with how much you need to earn for solving the problem - how many actual (vs potential) buyers there are for a solution to this problem - how difficult (read: expensive) it is to find people with this problem and make them aware of your solution - how quickly a better-funded company will come in and offer a better (in some way) alternative - how much you like (dislike) working with the median purchaser of your solution - how much enjoyment you personally derive from providing this solution - etc. All of these lead to the realization that it might be possible to struggle it out with a given niche, but it might not be the best course of action for you personally.

by Flankk 4y ago

jimhi 4y ago

It’s software. Most of the time consuming work can be copied after the first time. User accounts, payments, etc. There is also a fair amount of stories out there in hit based industries (startups, games) where people have documented their 50+ projects. Its hard yes. It can also make a lot of money. Few people are willing to do it or it would be more common.

deadcoder0904 4y ago
the company (rovio) that built angry birds only succeeded after 51+ failed games. source: https://entrepreneurshandbook.co/how-a-bunch-of-angry-birds-turned-around-a-failing-startup-b39f2fe1adca https://entrepreneurshandbook.co/how-a-bunch-of-angry-birds-...
- Flankk 4y ago
  Company, not individual. There is a list on Wikipedia but it shows 34 games, not over 50. It's a shovelware factory. They farmed the work out to employees and contractors. I think they got lucky, they were on the verge of bankruptcy. Not efficient or repeatable.

dinvlad 4y ago

He built all/most of those in public, btw. Which is part of how he was able to develop a lot of well-deserved trust. This strategy has a very good reasoning, but I do think it's hard because not everyone is able to develop a huge following easily (even in daily life).

runako 4y ago

"If you're solving a real problem people will not have an issue paying you" The counter to this is you don't know at the outset: - whether you have identified a real problem - whether you are solving the problem the right way - whether the amount the buyers are willing to pay aligns with how much you need to earn for solving the problem - how many actual (vs potential) buyers there are for a solution to this problem - how difficult (read: expensive) it is to find people with this problem and make them aware of your solution - how quickly a better-funded company will come in and offer a better (in some way) alternative - how much you like (dislike) working with the median purchaser of your solution - how much enjoyment you personally derive from providing this solution - etc. All of these lead to the realization that it might be possible to struggle it out with a given niche, but it might not be the best course of action for you personally.