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Its a good way to get rich, but only if you use the knowledge to bootstrap a B2B product

• jamestimmins 3y ago
  Do you know of people who have done this? Where they built excessive knowledge in a single boring area that became a B2B product?
  • ldjkfkdsjnv 3y ago
    Yes, your chances of building something thats actually going to make money are way higher. Most obvious ideas have been tried a million times. Its the smaller businesses relying on some random problem, charge 5k a year for it, get 100 customers, sell the business and semi retire.
  • 1letterunixname 3y ago
    Data scientists in insurance. Merging the fields of CS, decision support, and actuarial. Not a product per se, but consulting services and productish APIs and managed systems.
• 1letterunixname 3y ago
  B2B SaaS is not the only way. If it takes too long to get to market because of a refusal to take investment, then a venture can miss the timing and remain too small to be valuable. OTOH if a venture raises money it doesn't know what to do with (to accelerate things), grows costs without a strategy, and/or gives away too much equity, then it's also headed to crash into a reef. There are millions of professional class people who have "lifestyle" consulting and service businesses who make a living that's widely variable more so than a salary full-time job with an employer. A primary way (there is no "the way") to become richer is to have equity in something valuable, which is usually something that is difficult for others to perform and replicate, essential, usable, defensible, and likely to be profitable, either created by your team or your investees. Ownership isn't the game, it's the only game.