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This will not work for SaaS in most cases. Someone will copy your idea and with VC money grow more features and customers than you, forcing you into a tighter s
by farseer 2y ago
This will not work for SaaS in most cases. Someone will copy your idea and with VC money grow more features and customers than you, forcing you into a tighter small niche if not oblivion. Restaurants have a captive market in terms of location and maximum number of competitors in the immediate vicinity. A web startup does not.
- newaccount74 2y agoYeah, that happened to me too. But it doesn't matter. The internet is big enough for multiple players, and niches that are too small for VC money can still be very profitable opportunities for solo entreprenurs.
- mamcx 2y agoI think it could work well (is my case actually). A lot of SaaS is just a simpler/different take on a big one. For example, mine is way less powerful than Freshbooks/amazon. I still live from it for the last 20 years with less than 100 customers (and a lot of time just less than 50). Having a niche or just being available to your customers on the phone and solving the issue in the next minutes/hours is enough to keep customers and run your business. Now, the big issue is that you are growing without the capacity to grow, and then you get a big competitor in your nose and you try to catch it. That is death. Do not try to catch the bunny. Be the turtle and forget about the race, at all.