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The only problem I have with one of the start-ups I'm working on is the fact that it's a complete first mover advantage play. We would have to go big fast to c
by Kestrelhunter 17y ago
The only problem I have with one of the start-ups I'm working on is the fact that it's a complete first mover advantage play. We would have to go big fast to capture and hold the market before other "larger" market players get involved. I've been told two polar opposite things to do by two seasoned entrepreneurs, one says, bootstrap and go a year, the VC's will treat you very well after 50 contracts (should be very easy to get, I have two lined up with only concept and Accenture is interested). The other says, go west young man, the idea is a market changer and it will go big fast but will needed to be well funded to keep from hitting the cash wall. That's were I'm torn at the moment. PS: As you can guess by my previous tweet, I can't sleep tonight)
- rkischuk 17y agoYou're essentially saying that the market is too big to take on without big funding. In the vein of what rjurney said, is it possible the niche you're filling isn't small enough? If you try and capture the whole market with big funding and the big guys come in and take your lunch, you still fail. If you learn how to meet the needs of a niche, even if the big guy comes in and chases the whole market, you'll still meet the needs of your niche better than anyone, and can grow into an adjacent niche.