News for hackers. Stuff that matters.
Re:Diary of a Failed Startup by krschultz on Monday June 23, 2008 @12:39PM (#225263)
Interesting, though I sure hope he is wrong about "If your idea starts with "We're building a platform to..." and you don't have a billion dollars in capital, find a new idea. Now.", since I work at a startup doing just that (buglabs.net). We are selling though, so hopefully we are gaining some traction.
Re:Diary of a Failed Startup by ajross on Monday June 23, 2008 @01:06PM (#225295)
Even a billion won't do. You can't write a "platform" from scratch. It just doesn't work. All successful platforms (yes, every last one of them) started out their life as useful tools with limited scope: the original Macintosh, Unix, Java, Rails, even windows. All of these things started out as specific products to fill a specific niche.

The only plausible counter-example I can think of off-hand is .NET. But even there, it started out not as a new from-scratch platform, but basically as a clone of Java with some windows-specific bits thrown in. So maybe a billion is enough if you're just trying to compete, not innovate.

Re:Diary of a Failed Startup by nostrademons on Monday June 23, 2008 @12:52PM (#225277)
There are probably exceptions to every single one of the observations I posted, but that one was the one that most stood out for me, both based on this startup and the last one I worked at. If I do a startup again, I'll definitely be waiting for an idea that's an app and not a platform.

Something to ask about your company: are you going out to find customers, or are they coming to you? If it's the latter, congratulations; you've succeeded where thousands of entrepreneurs have failed. But if you have to make lots of sales calls to close that one sale, it doesn't necessarily mean anything, even if you're profitable. Try enough prospects and one is bound to say yes, if only because they have money to burn and want to see if you can help them out. That was a lesson learned at my last employer, which was profitable before I joined but got no new business while I was there, because their revenue came from customers that didn't really use the product and just bought it because a couple million is a drop in the bucket when you manage a few billion in capital.

Re:Diary of a Failed Startup by aneesh on Wednesday June 25, 2008 @06:23AM (#227357)
Of course, the latest "platform" example is facebook. Now, they're a platform for web apps, and I'm sure that was in their original vision. But they couldn't have started out saying "hey, we're a platform for apps". So they solved a problem (namely, the "I need to know more about my friends' lives & activities" problem) first. And THEN they became a platform.
Re:Diary of a Failed Startup by aditya on Monday June 23, 2008 @12:54PM (#225278)
also, you're VC-funded which is pretty much what that billion dollars in capital means, I think.

go bug!