All the non-technical cofounders told me, they didn't build a product but the product idea, business plan and marketing strategy are already done. Now they just need a dev to implement the software and they are good to go.
product idea, business plan and marketing strategy are already done
If they say this, their failure probability is too damn high. What many first time founders don't understand is that startup is a search process in the outlandishly uncertain world. You can't "do" the product idea and strategy before you iterated on your initial hypothesis and verified/discarded/revised it.
This is like startups 101, explained in the basic level entrepreneurship courses on edx/coursera and founder must read books like "lean marketing for startups" and "startup's owner manual".
If a business-side guy or girl doesn't know that, disregard them.
Comments
Funny you say this.
All the non-technical cofounders told me, they didn't build a product but the product idea, business plan and marketing strategy are already done. Now they just need a dev to implement the software and they are good to go.
If they say this, their failure probability is too damn high. What many first time founders don't understand is that startup is a search process in the outlandishly uncertain world. You can't "do" the product idea and strategy before you iterated on your initial hypothesis and verified/discarded/revised it.
This is like startups 101, explained in the basic level entrepreneurship courses on edx/coursera and founder must read books like "lean marketing for startups" and "startup's owner manual".
If a business-side guy or girl doesn't know that, disregard them.
Oh, I do :)
Most of them tell me, they did marked research as a proof for their idea.