Re:I lost $209,640 of my own money trying to start a business
by lolinder on Tuesday January 31, 2023 @12:24PM
(#34598184)
> when in reality that means bringing nothing to the table, save their money.
The big problem is that founders have a really hard time understanding just how cheap ideas are, so they sincerely believe that they are bringing 90% of the company's value. They look at the big successes and assume that the process went something like this:
* Founder has an idea
* Founder recruits a bunch of people to build the idea
* Customers come because the idea is so great
* Founder walks away incredibly wealthy
What they never see is the dozens of companies that attempted and failed to execute the exact same idea in the decade before the big success.
The big problem is that founders have a really hard time understanding just how cheap ideas are, so they sincerely believe that they are bringing 90% of the company's value. They look at the big successes and assume that the process went something like this:
* Founder has an idea
* Founder recruits a bunch of people to build the idea
* Customers come because the idea is so great
* Founder walks away incredibly wealthy
What they never see is the dozens of companies that attempted and failed to execute the exact same idea in the decade before the big success.