590 karma · joined November 23, 2007
https://nishantsoni.com
https://nonbios.ai
Mike spells it out in the first two minutes.
Extremely simple. Very Useful. Usability rocks.
You guys are going to make tons of cash from this.
You might already know that startups are hard, but in all liklihoods you won't know what 'hard' means.
Value an experienced startup entrepreneurs advice more than anything you learnt at school, and hunt one down as soon as possible.
I have been personally testament to the havoc that this disruptive piece of code has wreaked in the telecommunications business. I worked as an angel member in my previous startup, where we built software used to handle the call dialling and management in call centres. Also known as a 'dailer',the software has a huge market in India as it is central to operating any call centre. Before we got in, the space was dominated by players like Avaya, who used to lug around with their huge expensive pieces of hardware (used to manage the real time routing and call logging). Asterisk changed all of it and made possible for small startups to enter the fray.
Proprietary and expenseive hardware solutions are now all but extinct in the small to medium call centre space and softwares driven by Asterisk rule the roost. Distributed systems running on Astersisk are now slowly challenging the last bastion of expensive hardware telephony systems - the big call centre market.
Unlike the OS business, free and open source is definitely set on winning this game - and it all began by one hacker wanting to test the limits of some lean, mean and pointer-ridden C code..
everyone blogs about successes, but blogs about failures are hard to come by, and that too straight from the horses mouth.
.. best of luck for your next venture
A lot of them try to do too much or try to compete when they should be ideally figuring out the business.
Good mentorship goes a long way of making the startup work the right way.Getting good mentors who have done startups is really the harder part.
Startups are good for society and hopefully good for the individuals who do them - but they need to be done the right way. Matts article serves as a cautionary tale to every startup entrepreneur. If he describes your startup really well, you are probably doing it the wrong way.
Getting a programmer on board will help you with figuring out things faster than you would otherwise have done - atleast on the programming part.
Build a content website on something you consider yourself good at. Try to get users, make money through adsense, put up analytics and test it out. You would learn a ton about how(and what) works on the internet - and possibly be making enough by the time you are ready to quit to bootstrap your startup .
Getting a committed and talented team which can work together is the hardest part of a startup.Everthing else almost always works out. Consider this the biggest opportunity as well as the biggest challenge you face.
I think what you are getting at is that we need something more to engage the user for a longer term to keep him on the site. Definitely interesting, though not sure if it is good from loosing focus point of view.
1. Those trying to find a reason to do a startup.
2. Those trying to find a reason to not do a starup.
"the choice has already been made, it must merely be understood" ...(from the Matrix)
1. Is it a big hill after all - your customers might want something else. If it is not a big hill then figure out what a big hill is and reorient-realign-refactor.
2. If 1.is true then figure out that your value proposition solves that big problem or not. For this you can sit with a target customer and figure that out. If your value proposition is not good enough then figure out what could be a good value proposition.
3. If you are convinced that it is a good value proposition then it is just a question of how you deliver it to the customer. And the most important thing is that you have to be convinced whether it is a good value proposition or not - and if you are then hang in there for as long as it takes and figure out a delivery method.
Having said that, I think the only time you need to call it quits is when you want to - and if you not want then there should be a way to make it fly, you just need to figure out how.
..just my two cents
#1. It is hard and takes a lot of persistence
#2. The idea with which a startups starts out with rarely works out - so if its not going to work anyways why does it have to be big and there is little 'rationality' about the idea per se. I would go with guy kawasaki here - try to make meaning - build something useful and everything else will take care of itself.
#5 Having a backup plan is highly questionable. The only way you will get to fighting the devil is by burning the bridge which helps you cross over the deep sea.
Afaik, its all pretty simple - just create something useful and the money will follow (and stay away from that mba).