11 ms·
> As I can see there is no software and no revenue/customers. Wouldn't changing one of those "no"s to "n potential" make the venture less risky?
by curioustechie 17y ago
> As I can see there is no software and no revenue/customers.
Wouldn't changing one of those "no"s to "n potential" make the venture less risky?
- volida 17y agoYou are not clear enough.
- curioustechie 17y agoSorry, I was being overly cagey. As you correctly point out, the business has no customers. Wouldn't it be a less risky proposition if it had commitments from potential high-value customers? (N.B. I said "less risky", not "risk-free".)
- volida 17y ago"commitments from potential high-value customers" Without more information, I think you are in better position to judge that. But, commitments without any contract is something very volatile.
- brk 17y ago"potential" has little value. You have boundless "potential". I just dreamed up an idea for a new online social networking viral game. My "potential" userbase is billions of people (my game can do accurate language auto-translations on the fly, so Chinese people can play with Russians seamlessly). My "potential" income is huge, my "research" shows that people will pay $1/mo to be a part of this game. That's BILLIONS of dollars in MONTHLY income. Only problem is that, well, I haven't written any of the software yet (but I sketched everything out, and priced my servers, so I've "eliminated" that risk). I even checked with a bunch of people I know and confirmed that they would pay $1/mo to play this game. There is a TON of potential here. I'll give you a 20% equity stake if you'll sign up to just write the initial code.