One possibility for funding the small market app would be customer funding from the start: talk to some of the people you know in the industry and see if they would prepay (possibly in return for some sort of discount, or free until the product leaves beta) for a year's service or so.
We have approached this as a possibility (and we have interest from multiple players) I just worry that we might alienate other potential customers if they knew their competition was financially involved. Does anyone have experience dealing with those concerns?
It's not unethical at all and it's actually something that is very common. Why would you be concerned about the ethics of it? You're getting some money to build something they want and they're presumably getting some sort of discount, favorable licensing terms, etc...
To your earlier comment - I also don't think you should be worried about other possible customers being concerned about a "financial investment" from your initial customers. They ARE NOT partners - they're paying for a product just like any other customer. Instead, they're getting a discount for taking on a risk.
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One possibility for funding the small market app would be customer funding from the start: talk to some of the people you know in the industry and see if they would prepay (possibly in return for some sort of discount, or free until the product leaves beta) for a year's service or so.
We have approached this as a possibility (and we have interest from multiple players) I just worry that we might alienate other potential customers if they knew their competition was financially involved. Does anyone have experience dealing with those concerns?
Would it be unethical to pre-sell the software, sort of like what Oracle did in the beginning.
We would be upfront about the estimated delivery date and current status.
It's not unethical at all and it's actually something that is very common. Why would you be concerned about the ethics of it? You're getting some money to build something they want and they're presumably getting some sort of discount, favorable licensing terms, etc...
To your earlier comment - I also don't think you should be worried about other possible customers being concerned about a "financial investment" from your initial customers. They ARE NOT partners - they're paying for a product just like any other customer. Instead, they're getting a discount for taking on a risk.
In terms of ethics, I've just heard horror stories of people selling "vaporware" and don't want to be lumped into that category.
As for point two that makes great sense.
Thanks for all your input I appreciate it.