For example, say you’re building a product for a niche market worth “only” $50 million. Who will invest in you?- VCs won’t touch you because the math doesn’t work out — they need investments that have a shot at returning the portfolio.- Banks won’t touch you because they only know how to underwrite going concerns — businesses with operating... See more
This is great, though it still acts primarily as a sort of summer camp for entrepreneurship hopefuls, with a tight deadline in which they need to form teams, crack ideas and go to work. Goal orientedness is kind of the name of the game and the grant itself is de minimis .
If the program was ostensibly longer and/or more diverse in its intake this... See more
How to de-risk building a social network
The components that have the most engineering scope tend to be wholly reusable—such as the friendfinder & invite system. The fastest way to arrive at an app that resonates is to run rapid experiments by only changing the interaction model