Comment on Dropbox: Startup Lessons Learned [ppt]Comments−jolan16yMy favorite part:VC: "There are a million cloud storage signups!"Drew: "Do you use any of them?"VC: "No"Drew: "..."−tszming16yWhat if the VC replied "Yes"?−tptacek16yThen he goes to the next VC. There's lots of them.−patrickk16yIt's quite possible that this exchange didn't happen but he amusingly phrased it like this to illustrate how the competition sucked.−prabodh16ymay he would have asked 'is it easily usable by your grand mother?'...answer would be a definite NO−paraschopra16yAnd VC would have asked how big is the market for file sharing for grand mothers..Just joking, but I find the parallel to usable by grand mothers quite amusing! A lot of products are usable, yet they aren't what grand mothers would use.−pavs16yIf it was me I would have tried to highlight how dropbox is (will be) different from the cloud storage service the VC is using.−nopassrecover16yThis is perfect - I was never quite sure how to argue that a product entering a medicore but saturated market is worth investing in.
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My favorite part:
VC: "There are a million cloud storage signups!"
Drew: "Do you use any of them?"
VC: "No"
Drew: "..."
What if the VC replied "Yes"?
Then he goes to the next VC. There's lots of them.
It's quite possible that this exchange didn't happen but he amusingly phrased it like this to illustrate how the competition sucked.
may he would have asked 'is it easily usable by your grand mother?'...answer would be a definite NO
And VC would have asked how big is the market for file sharing for grand mothers..
Just joking, but I find the parallel to usable by grand mothers quite amusing! A lot of products are usable, yet they aren't what grand mothers would use.
If it was me I would have tried to highlight how dropbox is (will be) different from the cloud storage service the VC is using.
This is perfect - I was never quite sure how to argue that a product entering a medicore but saturated market is worth investing in.