Re:I wasted $40k on a fantastic startup idea (2020)
by gumby on Monday March 28, 2022 @03:18PM
(#30834438)
Strongly agree! Often ppl don’t even make it to your second criterion.
I was helping a friend’s son start a consumer service business (automating a manual process for postoperative and elder care with a conversation backed by GPT-3). Seemed like a great idea to me. I asked my M.D. mother if she’d use it. Definitely would, and would pay for it if it worked.
If it worked? Uuuh… I asked my mum a different question: if your doctor told you to use this would you? “Definitely not”.
The kid has a dozen people using the MVP. He knew them all of course, or they were the parents of his friends. So I suggested he let me know when he had n people whom he didn’t know using this for more than 30 days.
First n was 50 people, then 25, finally I said just anyone. So far, nope.
I was helping a friend’s son start a consumer service business (automating a manual process for postoperative and elder care with a conversation backed by GPT-3). Seemed like a great idea to me. I asked my M.D. mother if she’d use it. Definitely would, and would pay for it if it worked.
If it worked? Uuuh… I asked my mum a different question: if your doctor told you to use this would you? “Definitely not”.
The kid has a dozen people using the MVP. He knew them all of course, or they were the parents of his friends. So I suggested he let me know when he had n people whom he didn’t know using this for more than 30 days.
First n was 50 people, then 25, finally I said just anyone. So far, nope.
Idea: valuable (to humanity). But not yet “V”