972 karma · joined June 16, 2009
http://viniciusvacanti.com twitter: @vacanti
Personally, I do think there is skill involved unlike a lottery. But, I still think there's a fair amount of luck, too. In the end, I'm not sure I would start another company that didn't have the option of becoming profitable right away.
But, there are lots of businesses that need a fixed cost base that only turn profitable after millions of users. But, they turn very profitable with tens of millions of users.
If you restrict yourself to just ideas that are profitable day one, that's great though you may miss out on some great ideas.
I just wanted people to know that getting some PR isn't the finish line, it's the start of the race.
That being said, you should still experiment on the problem you are solving as opposed to waiting for 6 months to roll something out.
While revenue fell in half, gross margin just increased 50%! In other words, this is just perception and has no bearing on the performance of the actual business.
Also, headline seems to imply that COO left because "revenue fell in half". There's no reason to believe that.
And, investors will definitely get excited if you figure it out.
With regards to meeting investors, it's actually fairly easy. It's their job to meet with you. I would recommend meeting with the young VC's at firms first. You can also find investors at most tech events.