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jongjong 13 hours ago

I would strongly recommend staying away from software startups unless:

- The CEO of some major corporation or a big VC is a close friend or friend of your family.

- You are rich and have a lot of friends who will buy your product.

- You already finished the MVP; which you started building 12 years ago... Might as well try to complete.

- You're a criminal.

The market is insanely saturated and people already have more stuff than they need. Capitalism has been over since 2008. Now it's just feudalism. Product is irrelevant; it's all a social game of selection. You have to be selected. You just need to know someone and have a product with a semi-reasonable narrative that your CEO buddy can use as a justification to give you company money. That's it.

eastbound 2 hours ago | parent [-]

You’re talking about VC startups.

I disagree with the sour mindset, as I don’t feel those games were necessary for my startup, although I admit mine was bootstrapped (0$), and didn’t grow as far as the others, it still made me millionaire, has paid my employees a high-than-average salary and has the potential of adding them a few hundred thousands each.

I admit the old market (do web apps to manage records! or notes!) is saturated but the IA market is brand new and fresh open.

selimthegrim 2 hours ago | parent | next [-]

AI?

jongjong 2 hours ago | parent | prev [-]

How do you find users? Organic? SEO is useless as all the projects with any meaningful pagerank are all pointing to each other. Social media advertising is useless; nobody even sees your tweets or posts. Advertising? How do you get a return on CPC? All the big competitors seem to be running negative margins. Also, small volume social media ads tends to attract only bots... Are you operating in a niche? How do you get word of mouth in this case? Niches related to solving bureaucratic problems are often regulated! No SOC2 or ISO27001, no contracts for you.

In the last 15 years, I met just one person who bootstrapped a tech startup 'on their own' to be worth a few millions... This guy was super smart and switched on... But I later found out his wife's parents were multi-millionaires. I'm thinking that was probably the differentiator. I met a LOT of successful tech people. They always got major help. I never actually met one who didn't have access to significant help.