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in my specific case there has been a VC-funded startup that tried to do the same thing, in a different market, and created a shittier version of the product, th
by b20000 4y ago
in my specific case there has been a VC-funded startup that tried to do the same thing, in a different market, and created a shittier version of the product, then went bankrupt, as they couldn't make the product better. we are talking hardware here, and the market was not the problem (their market was bigger). so rather than getting in touch and making a deal, they decided it was better to go under (and the VC was familiar with what we had and that we were already in the market).
- joshxyz 4y agoThat's kinda nuanced imo, like maybe unless you really ask someone from there, it would be hard to discern as an outsider if they went under because their engineering team suck, or their marketing + sales team suck, or their founding team suck, or the market demand just sucks, or since it's hardware the sourcing / assembly / logistics of the product suck. The investors could suck too, if they are chasing metrics and returns at a projected timeline but the product-market fit isn't there yet, sometimes they'd pull out and see it as them cutting their losses. I wonder what your goals are, too. Like, is it to just keep it to yourself (which is entirely okay), or to try to make some money out of it while keeping things proprietary (which could open you to some challenges, as a developer myself creating the software i personally enjoy and find useful is a pleasure, but turning it into a business is entirely a different thing).