'build something people want'
'build something that solves a problem'
became just empty trivialities by now. These were important relevations after the dot com boom: During the first dot com boom there were those overly optimistic overly financed companies which did not care about what people want. But by now I think this lesson is learned, everybody want to solve a problem and everybody cares about what people want. It is just very hard to know what people want. Or at least hard to know it better then the competition. That's why most startups fail. Honestly I would not think some years ago that these services like Foursquare will be such a big deal. I am coming from a very different social context, so I cannot really understand the needs of those kind of people who use these services. That's why I don't even try to create these kind of startups.
Comments
I think the following two sentences:
'build something people want' 'build something that solves a problem'
became just empty trivialities by now. These were important relevations after the dot com boom: During the first dot com boom there were those overly optimistic overly financed companies which did not care about what people want. But by now I think this lesson is learned, everybody want to solve a problem and everybody cares about what people want. It is just very hard to know what people want. Or at least hard to know it better then the competition. That's why most startups fail. Honestly I would not think some years ago that these services like Foursquare will be such a big deal. I am coming from a very different social context, so I cannot really understand the needs of those kind of people who use these services. That's why I don't even try to create these kind of startups.