Discuss your startup idea not only with friends, but also
other people who are strangers to you. I promise that you will definitely learn
a lot here. The concept of your idea getting stolen is 99.99% impossible. Visit
barcamps, hackerspace, geek terminals and bounce your ideas to different
people.
We failed to do this step and hence overestimated the
Singapore market. We found that the Singapore market for such a service turned
out to be very small. People are SMS crazy in Singapore, but that does not mean
that they were ready to pay for the service.
Looking back I would say this is the most important step
which we could have done to save a lot of disappointment later.
(written by Vijay Ganesan, founder of failed startup SMSnoodle)
No comments:
Post a Comment
What do you have to say about this post?