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The best way to become a tech entrepreneur is either to start incredibly wealthy, or build a product yourself. I wince at the number of non-technical folks that
by nluken 4y ago
The best way to become a tech entrepreneur is either to start incredibly wealthy, or build a product yourself. I wince at the number of non-technical folks that have deluded themselves into thinking that they can "do the business side of things" when in reality that means bringing nothing to the table, save their money.
OP's case is a warning to these folks. He actually brought negative, not zero, value to his startup because he grossly misread the market he was trying to enter. I worked at TripAdvisor for a while on their tours product, and even years ago we were already doing what OP was talking about.
- lolinder 4y ago> when in reality that means bringing nothing to the table, save their money. The big problem is that founders have a really hard time understanding just how cheap ideas are, so they sincerely believe that they are bringing 90% of the company's value. They look at the big successes and assume that the process went something like this: * Founder has an idea * Founder recruits a bunch of people to build the idea * Customers come because the idea is so great * Founder walks away incredibly wealthy What they never see is the dozens of companies that attempted and failed to execute the exact same idea in the decade before the big success.