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There's too many other 'good enough' options out there. Time is a precious commodity and you'll never get anyone to make investment in your product if it's not
by jim_greco 12y ago
There's too many other 'good enough' options out there. Time is a precious commodity and you'll never get anyone to make investment in your product if it's not so much better than anything else out there.
- gearoidoc 12y agoNonsense. Because: define "better". More "functionality"? Better marketing? Better UI? Better traction? Better team? Final point: it seems like you consider investment to be a necessity to build a company. It's not.
- jaredsohn 12y agoI interpreted investment in the GP as meaning getting users to put their energy into a product. Like https://hbr.org/2014/11/how-customers-get-hooked-on-products https://hbr.org/2014/11/how-customers-get-hooked-on-products
- gearoidoc 12y agoFair enough. Your contention that no one will look at your product unless its "so much better" than anything else is nonsense. Were that the case then we'd only have one product in each market where, by your definition, the market would allow all but one to die out.
- jaredsohn 12y agoFYI, I didn't make that contention or set a definition (although you likely were talking with the GGP there.) For what it is worth, I think you do need to make the product substantially better for people to check it out within a crowded market, but in a similar spirit to one of your other posts, there are multiple ways to distinguish your product (scaling, UI, feature set, etc.)