Quote:
Originally Posted by Ducay
Just make sure its got a wide enough appeal and can be sold for enough money to actually make money, depending the business model you're going for.
I'd say 90%+ of "inventions" cost their inventors thousands of dollars that they never recoup. Everyone sees it as their ticket to quick riches, but in reality, most inventions are a slow grind to bankruptcy. People don't want to give up on their dream and end up costing themselves and their family (oh, and most go to family first as their investors. Terrible idea) buckets of cash.
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i don't know about 90%, and depends at which stage of funding you get, or how you finance it..... im seeing more and more go via KS that are actually funded by 3 or more VC's, just using KS to see exactly what the interest is (and get some advertising out there)
also.... depends how flexible your team is. Nobody successful would really bank their entire startup on 1 idea or product, most teams are flexible and have a few things going on unless you already have your niche. I do agree with most of what you said though.... never fall in love with your idea.
