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A comment on Poll HN: How many HN readers are working on a Startup?. Parent comment
It's much harder to be innovative.
If you want to make money, pick a product/service that already exists because:
1. It's been tested and hopefully proven.
2. Market is stable/mature (the pioneers have shelled out all the bringing-to-market-funds)
3. Low barrier to entry (prototypes already exist)
Now all your company has to do is either out-market, or out-serve your competition.
It's a big world; simple right! ;)
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It's much harder to be innovative.
If you want to make money, pick a product/service that already exists because:
1. It's been tested and hopefully proven.
2. Market is stable/mature (the pioneers have shelled out all the bringing-to-market-funds)
3. Low barrier to entry (prototypes already exist)
Now all your company has to do is either out-market, or out-serve your competition.
It's a big world; simple right! ;)