4 ms·
> 3. Incubators aren’t thinking big enough. ... If you want to build something really big, May says, “three programmers and $50K isn’t going to get you very far
by markbao 15y ago
> 3. Incubators aren’t thinking big enough. ... If you want to build something really big, May says, “three programmers and $50K isn’t going to get you very far.” He appreciates lean startups as much as anyone, but when it comes to disrupting big industries and building big companies, you need time and capital.
Well...
HARD: finding a product that has very good product-market fit and has the possibility to be a huge company.
EASY (at least relatively): raising money when you've got a product with great product-market fit.
Three programmers and $50k isn't meant to make you become a big company. It's meant to allow you to experiment with ideas to see if it gets traction, to determine whether it's a big company or not. If it is, then the big bills can come out to make it a big company.
Maybe incubators aren't thinking big in the sense that they're sinking $10 million into an idea that might have dubious traction, but they are thinking pragmatically.