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Totally agree with the market comment. You're selling a product that needs to leverage the network effect, otherwise it's useless. Marketing this product in a
by scott_w 15y ago
Totally agree with the market comment.
You're selling a product that needs to leverage the network effect, otherwise it's useless. Marketing this product in a geographically sparse environment such as the USA means you need more users before you hit the "tipping point", at which it becomes useful.
Consider Facebook: it started as a Harvard project. That meant that it could become useful with a user-base measured in hundreds, as the population was densely packed.
In contrast, your product had a user-base of 3000, in a population of 300,000,000. That works out as 0.001%. I'm not a statistician, but the maths would show that the likelihood of a particular person knowing another user nearby is very low.
I'm not saying your business is a failure, and it can still be salvaged if you have the will, but you should definitely look at this as a learning exercise just as you did with your first startup.
I wish you luck in whatever it is you choose to do.