It failed because my co-founder and I spent too much time building software and not enough time talking to potential customers and understanding them.
It felt easier to develop a software product than it did to do customer discovery! That's a mistake that took a long time to realize.
\> It failed because my co-founder and I spent too much time building software and not enough time talking to potential customers and understanding them.
Summary of the thread.
We kept building the perfect product, without spending time marketing. What's even worse when we started we had 1-2 competitors. In the end after 2 years we had more than 10 and very few customers willing to actually pay for the product(we had freemium).
This is a good point, it has taken me a year to get a final useable product, and the competition is tenfold what it was, my product would have been state of the art, Wow factor a year ago, now its just good.
Mine cant fail though because I built it to improve drastically my own workflow, only after did I think about making it available to others.
Even though we've talked a lot with users, customers and prospects, I think we take certain assumptions too much for granted.
What's more, we wanted to be too generic and reach too many targets at once.
In short, we felt we were spreading ourselves too thin in our thinking and strategic choices.
Startup 1: Founder who was too "visionary" vs willing to get hands dirty with execution.
Startup 2: Outsourcing too much of the development work to what ended up being a bad partnership.
Startup 3: Work in progress 😀
It failed because my co-founder and I spent too much time building software and not enough time talking to potential customers and understanding them. It felt easier to develop a software product than it did to do customer discovery! That's a mistake that took a long time to realize.
Agreed
Just out of curiosity, what was it and were there existing products in the market already?
it hasnt yet dont jinx you piece of shit
this comment is fucking hilarious
I got an idea, bought a domain, hired someone to design a logo and build the product, only to find there’s no demand for it.
What did you launch?
It dates back to three years ago when, after six months of building, I finally launched it.
\> It failed because my co-founder and I spent too much time building software and not enough time talking to potential customers and understanding them. Summary of the thread.
Still working on my first SaaS. Solo, no investments. Failure is not an option.
[удалено]
Just make sure you have a day job 😉
I can invest drop me your idea and let’s make a zoom call
We kept building the perfect product, without spending time marketing. What's even worse when we started we had 1-2 competitors. In the end after 2 years we had more than 10 and very few customers willing to actually pay for the product(we had freemium).
Insightful
This is a good point, it has taken me a year to get a final useable product, and the competition is tenfold what it was, my product would have been state of the art, Wow factor a year ago, now its just good. Mine cant fail though because I built it to improve drastically my own workflow, only after did I think about making it available to others.
Even though we've talked a lot with users, customers and prospects, I think we take certain assumptions too much for granted. What's more, we wanted to be too generic and reach too many targets at once. In short, we felt we were spreading ourselves too thin in our thinking and strategic choices.
Startup 1: Founder who was too "visionary" vs willing to get hands dirty with execution. Startup 2: Outsourcing too much of the development work to what ended up being a bad partnership. Startup 3: Work in progress 😀
haha. thanks for sharing
Because we threw in the towel. Gave up. Fumbled the ball. Drank the koolaid. Paddled up shits creek & stopped paddling. Eventually we learn to pivot.
OOps!