Warning: Software Startups are Not as Easy as Everyone Says (2007)
softwarebyrob.com
softwarebyrob.com
What this guy doesn't take into account is that in practice, not everybody is equal. If you learn from the right people and think in the right ways, you can position yourself much better so that your odds are much greater than 2% or whatever random number he threw out there.
It's lame when you see posts like this because all it does is make people want to quit when they are actually learning a lot and taking a chance and seeing what's possible. If you are enjoying what you are doing, keep on doing it for as long as you can.
Clearly it's not easy, and most entrepreneurs would love to face the challenges that successful ones do.
This seems like sensible advice to me - if you want to maximise your chances of success then pick an area to compete where the number of competitors is proportionally smaller or existing competitors have missed the point.
Just because a market may seem boring doesn't mean the technology used to address it will be.
The truth hurts. Everybody wants to be a rockstar, but for most people, it's little gigs all the way.
A proper understanding of what this means will lead to less heartbreak, although the dyed-in-the-wool entrepreneur won't care anyway.
I'm a strong beliver, having spent a lot of time consulting with various companies, that most of them become successful because they get lucky at some point in their history.
I've rarely seen or worked with perfect companies that have smart leaders and ideas that area too good not to succeed. However, what I have found common is these successful companies usually spent a long time (>5 years) not being successful until one day they land their whale, great PR/marketing opportunity, big idea, etc and become successful.
What did they do different? They weren't smarter, had more money or worked harder than their competitors. What they did was persevere until they got lucky. Luck is a factor of probability and, as long as you don't have a real lemon of a product (and even sometimes if you do), you will be lucky… eventually.
That's funny - I feel like I'll be saying the same thing about 2010-2011 in a few years.
I've learned, without even having started my own company, that if you build something...ANYTHING...it can only be a good thing. If I created a project and the best stat I ever received was that 5 people used it, the WORST possible thing that could happen is I spent a couple of bucks on hosting, and now I can demo it to every future job I decide to take. If you build something in your spare time, it shows passion, initiative and excitement. Who doesn't want to hire someone like that?
Unfortunately the "bottom line" section makes the whole article sound like a jaded entrepreneur who made a 'me too' social application that didn't bring in the easy dollars.
So Software startups are hard unless you try a 'boring' idea like 'bug tracking' or 'invoicing software'? Huh? So a software startup is 'easier' if you have have found people suffering problems that cost them real time or money, which your piece of technology can solve?
Guess what - those 'boring' ideas, or the lessons and rationale behind them is the real thing you are learning about building a business. Will it be 'easier' than your me too social app? Not a chance - it will have its own set of challenges and pitfalls - but you will learn even more about process and be be a little more likely to be 'successful' the next time round when you are thinking "Oh, man it would have been easier if I had have done this 'boring' thing over here that these people were successful with".
Luck is a huge factor in success. Napoleon used to ask of candidates for lieutenant "is he lucky?", and he meant it.
Time and chance, folks. The idea for Facebook is as old as dirt in internet time.
Amazing how many people believe if they build it "they will come" with nothing else planned. Oh if only the world were so easy.
So true. I guarded my own startup idea jealously for years, then one day discovered at least 2 serious contenders. One of them has launched and quit (Contenture). Another one (Kachingle) is still around. Flattr does something similar and has better publicity.
Nevertheless I've realised that it can take years for one startup to suddenly be in the right place at the right time. I'm planning to revisit my startup idea because I think my twists on it are smarter and will give me enough of an edge to be the person for whom time and chance was a friend.