4 ms·
A cool idea does not equal a business model. That is why I think soooo many startups fail. They build something awesome, amazing, cool whatever, but they don;t
by mikeg8 14y ago
A cool idea does not equal a business model. That is why I think soooo many startups fail. They build something awesome, amazing, cool whatever, but they don;t stop to ask people, "Will you pay for this? Is this something you think I could charge for?" That is the data I WANT and need.
- locacorten 14y agoAhem... Have you heard of Facebook? Or GMail? Or Hotmail? These are money-losing businesses. As we speak. Real life is much more complicated.
- begurken 14y agoLife must be especially complicated for you, considering that each of your assertions are flat out wrong. Facebook, Google, and Microsft not profitable? Seriously dude, just google them; they're very profitable (technically MS lost money last year, but that was entirely due to a one-off asset writedown, and they've made gobs of cash every other year).
- rewind 14y agoThose are all examples of outliers, not real life.
- ajross 14y agoAll successful startups are outliers. "Real life" startups, to first approximation, fail. This one did too. But frankly it wasn't because of the lack of market research.