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.
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.