Re:What I learnt after burning $10M as an entrepreneur
by imtringued on Wednesday March 31, 2021 @04:06AM
(#26644639)
The idea that a todo app is a capital intensive business is laughable. I have more impressive ideas that can be realized with much less money and that even includes hardware projects that would require hundreds of thousands in machine tools. All these guys really needed to do was make one really good iOS app and make sure they don't spend too much money on it.
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Re:What I learnt after burning $10M as an entrepreneur
by objclxt on Wednesday March 31, 2021 @04:20AM
(#26644735)
> The idea that a todo app is a capital intensive business is laughable
It’s not just the building of the app that’s capital intensive - it’s the customer acquisition cost.
A highly capitalised startup with a war chest can afford to spend $100+ per customer. You can’t.
It’s like the OP thread says - you can’t field of dreams this. “If you build it they will come” is not a business strategy when your competitor is spending millions of dollars on ads.