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Disclaimer: I'm based in Bloomington, IN and met the sproutbox founders a few times. In the first dotcom crash, I worked for an incubator that had a similar ap
by cedsav 17y ago
Disclaimer: I'm based in Bloomington, IN and met the sproutbox founders a few times.
In the first dotcom crash, I worked for an incubator that had a similar approach: providing talents and services to 'idea people' while running our own project. It was a complete failure and closed in less than a year. Our own project failed to bring any revenue, and the other projects we started lacked any sort of commitment from the 'idea people'. We also had a short runway and an oversized team which prevented us from adapting to changing circumstances.
There are a couple things that makes me much more optimistic about Sproutbox chances. First, their team is much more talented that ours ever was. They could (and did) just build their own apps and be very successful.
Secondly, they focus on revenue-generating businesses. They may not start the next twitter or youtube, but that makes them much more likely to be around long enough to get your idea off to a good start.