I often notice, ESPECIALLY in college culture, people fantasize about pulling some business idea out of their a$$, usually before finding an actual need or problem (Although sometime's it's a personal problem they struggled with and found a solution for), then they do some bullshit market research (couple of surveys here and there) and decide there is a market, so they go to work.
They'll maybe form a team, or they'll start looking for ways to develop their idea... Get the website, talk to who you need to talk to such as manufacturers etc, and then we have this 'Startup' as they call it.
Every time I hear the word 'startup' I get the feeling these people are stuck permanently in the slowlane. They envision their business growing and growing and getting thousands of dollars in sales and either going to a venture capitalist to get hundreds of thousands of dollars invested in the company, or they envision an EXIT-STRATEGY before the company has even taken off, envisioning millions of dollars being poured into their pocket as they sell off and go 'live the life'...
http://bostinno.streetwise.co/2014/...tartups-campus-innovation-at-boston-colleges/
I feel 99.99% of these 'start ups' are bullshit with false hopes if there is even a viable market for the product... with people chasing the idea that they're going to go on shark-tank or sell off to Apple for their tech business and make hundreds of millions of dollars... They call themselves a 'START UP' and in my mind, that keeps them in the slow lane.
Either you're a business, or you're living in the slow lane calling yourself a start up.
Someone posted this earlier in another thread and i thought it was relevant
It's like "oh i want to be a large business, i want to get out of the start up realm' - Well then grab your nuts and stop calling yourself a startup and start doing big-boy things for your business.
It's great that these guys are finding ways to get capital for their ventures (a few tens of thousands being given out by colleges) but I really feel like it's the slowlane for the 99.99% of these companies because they have all of the wrong ideas for even going into business, they're ALL going the same exact direction with the same misconceptions that all keep them in the slow lane.
Thoughts?
They'll maybe form a team, or they'll start looking for ways to develop their idea... Get the website, talk to who you need to talk to such as manufacturers etc, and then we have this 'Startup' as they call it.
Every time I hear the word 'startup' I get the feeling these people are stuck permanently in the slowlane. They envision their business growing and growing and getting thousands of dollars in sales and either going to a venture capitalist to get hundreds of thousands of dollars invested in the company, or they envision an EXIT-STRATEGY before the company has even taken off, envisioning millions of dollars being poured into their pocket as they sell off and go 'live the life'...
http://bostinno.streetwise.co/2014/...tartups-campus-innovation-at-boston-colleges/
I feel 99.99% of these 'start ups' are bullshit with false hopes if there is even a viable market for the product... with people chasing the idea that they're going to go on shark-tank or sell off to Apple for their tech business and make hundreds of millions of dollars... They call themselves a 'START UP' and in my mind, that keeps them in the slow lane.
Either you're a business, or you're living in the slow lane calling yourself a start up.
Someone posted this earlier in another thread and i thought it was relevant
It's like "oh i want to be a large business, i want to get out of the start up realm' - Well then grab your nuts and stop calling yourself a startup and start doing big-boy things for your business.
It's great that these guys are finding ways to get capital for their ventures (a few tens of thousands being given out by colleges) but I really feel like it's the slowlane for the 99.99% of these companies because they have all of the wrong ideas for even going into business, they're ALL going the same exact direction with the same misconceptions that all keep them in the slow lane.
Thoughts?
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