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OP here with a friendly reminder that we should also look at the denominator when evaluating how useful the "internal tools make good startups" heuristic is. A
by kmdupree 3y ago
OP here with a friendly reminder that we should also look at the denominator when evaluating how useful the "internal tools make good startups" heuristic is.
Also note that I'm not claiming they are never good ideas, so pointing out instances where they've panned out isn't very interesting. It'd be more interesting if you could show that the hit rate among these types of startups is better than I'm suggesting (for that we need to consider the denominator).
- lijok 3y agoApologies, I was actually going to finish my comment with “does anyone know how the fail rate of such startups stacks against the fail rate of startups at large?” But I got carried away with trying to recall all the companies that started out as internal tools, that I forgot
- tobr 3y agoCould you give an example where “<category description> often make bad startup ideas” would be false?
- yowlingcat 3y ago"Products where as a market representative buying persona I've tried to purchase a good product and found nothing good"
- NomDePlum 3y agoWas Twitter not an internal tool? Not sure hit rate is anywhere close to the statistic to measure startups by either. Successful ones are called Unicorns for a reason.