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You don't know it's a proven market until you sit down with a potential fundee and talk financials.
by debacle 14y ago
You don't know it's a proven market until you sit down with a potential fundee and talk financials.
- wpietri 14y agoThat's not true. If the business has been running 5 years, that tells you quite a bit. You can mine all sorts of activity information from the site, and you can get more through user interviews. Moreover, startup investors are completely happy to invest based on estimations of total available market. It's pretty easy math to look at the number of kids, the average cost of sitters and nannies, and typical consumption of caregiving services. If you can also say, "And these guys have been running for 5 years despite [flaws A-M]," that's just gravy, even if you don't know any of their internal numbers.
- chris_wot 14y agoSounds like market based competition.