Re:Chasing the Money: Stop Trying to Raise. Start Trying to ...
by anamax on Thursday May 07, 2009 @08:16PM
(#598913)
> I'd go one step further, "Make Something People are Asking For"
How about "Make something people want to pay for".
Re:Chasing the Money: Stop Trying to Raise. Start Trying to ...
by stevenjames on Thursday May 07, 2009 @08:11PM
(#598907)
Make something people will pay for.
Re:Chasing the Money: Stop Trying to Raise. Start Trying to ...
by anigbrowl on Thursday May 07, 2009 @06:17PM
(#598789)
First-mover disadvantage: customers sometimes believe they own the product and shouldn't have to pay for it, though. If it seems obvious, it will be devalued. Thus the many companies which make something cool on the internet that's popular but hard to monetize.
I'd go one step further, "Make Something People are Asking For"
If you're making something people want, but don't yet know they want, you might be tempted to raise investment first.
If you're making something people are already asking for, you won't have much time for VCs. You'll be too busy fulfilling the customers who are knocking your doors down.
Sometimes it's nice to see someone say something that oughta go without saying.