Re:I wasted $40k on a fantastic startup idea (2020)
by sanderjd on Monday March 28, 2022 @03:33PM
(#30834595)
This is right, but it's also clear why this happens: a lot of the best known success stories from a decade or two ago were "if you build it they will come and you will one day figure out how to make money from that". Google, Facebook, Instagram. It takes awhile for the conventional wisdom borne of a mythology like that to shift. Heck, we're probably in the process of shifting it too far; we may well be lamenting a decade from now that nobody is doing anything besides B2B because it's too hard to find customers who want to pay for things outside that space.
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Re:I wasted $40k on a fantastic startup idea (2020)
by istillwritecode on Monday March 28, 2022 @04:29PM
(#30835194)
The barrier to entry for advertising was pretty small when Google entered it. They worked hard on pricing models, ads relevance, ads quality, and making it unobtrusive to users (in the beginning). That's what allowed them to gain traction. The barrier to entry in advertising is much higher now, but if you have a standout product (like TikTok) then it's possible to gain enough eyeballs to get you through the initial period with advertising.