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The presumption here is that you can correctly identify a startup idea that sucks. Here's a quick experiment you can do right now to see if that is true. Try to
by takinola 12y ago
The presumption here is that you can correctly identify a startup idea that sucks. Here's a quick experiment you can do right now to see if that is true. Try to think of at least one startup that you cannot understand why it is getting traction, press, funding etc. I'm willing to bet you can think of several (I can even think of a couple companies that have actually gone IPO that I still think are dumb ideas).
The fact that you think an idea is dumb is irrelevant. The only opinion that matters are those of the customers. Instead of telling your friend that their idea sucks, ask them what their (potential) customers think of the idea. If she doesn't know, and you really feel like being helpful, push her to get meaningful feedback from a couple customers.
Having a real life customer tell a would-be founder that their idea sucks is so much more impactful than the same feedback from a random friend. Plus, there is the added benefit of saving your relationship.
- k__ 12y agoGetting funded doesn't mean the idea is good. I worked for a company, that got funded many times over the course of 14 years and didn't make any revenue the whole time. The only thing the founders were really good at, was talking to VCs and banks...
- carrotleads 12y agoand I am jealous of such guys. How do they do it? surely the VC's and Banks lose their deposit on such deals, so much so they should be expert at picking out the talkers from the doers.
- k__ 12y agoThey had big customers and their technology was web-analytics. 14 years ago, when Google grew, they had some good point to make. "Google did it AND we got the biggest websites of our country as customer!" But all the engineers where much more expensive than what the customers paid.