A startup that is able to generate enough revenue to cover its operation and living costs before outside funding, is more likely to succeed than one that received a 2M dollars check without generating one dime from customer and want to focus on growth.
Growing what?
Most startups focus on consumer products knowing that it is super hard to extract money from these. If you glance at most VCs portfolio you will see that their enterprise focused companies do better than the consumer focused startups.
Most entrepreneurs want to create cool products for consumers. If you are doing your first startup I would advise creating something you can sell and make money. On your second startup, do something cool and fun as you are not worried about deciding between peanut butter/jelly sandwich and ramen for diner.
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A startup that is able to generate enough revenue to cover its operation and living costs before outside funding, is more likely to succeed than one that received a 2M dollars check without generating one dime from customer and want to focus on growth.
Growing what?
Most startups focus on consumer products knowing that it is super hard to extract money from these. If you glance at most VCs portfolio you will see that their enterprise focused companies do better than the consumer focused startups.
Most entrepreneurs want to create cool products for consumers. If you are doing your first startup I would advise creating something you can sell and make money. On your second startup, do something cool and fun as you are not worried about deciding between peanut butter/jelly sandwich and ramen for diner.