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Nope, that's almost certain to fail. Why should sellers join if there are no buyers? And if you do convince them, how can you ensure that they will have a good
by eries 11y ago
Nope, that's almost certain to fail. Why should sellers join if there are no buyers? And if you do convince them, how can you ensure that they will have a good experience on launch day?
The only way to test a marketplace is to get a small number of highly-interconnected buyers and sellers to transact in low volume by hand. Think eBay and beanie babies or Facebook just on the Harvard campus. Read PG's http://paulgraham.com/ds.html http://paulgraham.com/ds.html for more.
- scardine 11y agoIn the case of the startup I'm working for, they will join because of the reputation of the founder. His father was such a successful entrepreneur that people will jump over anything with his name. Of course it will not prevent the business to fail miserably, but nobody will listen to me anyway - when I started working here I gave him a copy of your book, but I'm sure it is was stashed somewhere unread. :-)