logoalt Hacker News

jongjongtoday at 5:06 AM1 replyview on HN

I would strongly recommend staying away from software startups unless:

- The CEO of some major corporation or a big VC is a close friend or friend of your family.

- You are rich and have a lot of friends who will buy your product.

- You already finished the MVP; which you started building 12 years ago... Might as well try to complete.

- You're a criminal.

The market is insanely saturated and people already have more stuff than they need. Capitalism has been over since 2008. Now it's just feudalism. Product is irrelevant; it's all a social game of selection. You have to be selected. You just need to know someone and have a product with a semi-reasonable narrative that your CEO buddy can use as a justification to give you company money. That's it.


Replies

eastboundtoday at 3:16 PM

You’re talking about VC startups.

I disagree with the sour mindset, as I don’t feel those games were necessary for my startup, although I admit mine was bootstrapped (0$), and didn’t grow as far as the others, it still made me millionaire, has paid my employees a high-than-average salary and has the potential of adding them a few hundred thousands each.

I admit the old market (do web apps to manage records! or notes!) is saturated but the IA market is brand new and fresh open.

show 2 replies