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A cool idea does not equal a business model. That is why I think soooo many startups fail. They build something awesome, amazing, cool whatever, but they don;t stop to ask people, "Will you pay for this? Is this something you think I could charge for?" That is the data I WANT and need.


Ahem... Have you heard of Facebook? Or GMail? Or Hotmail?

These are money-losing businesses. As we speak.

Real life is much more complicated.


Those are all examples of outliers, not real life.


All successful startups are outliers. "Real life" startups, to first approximation, fail. This one did too. But frankly it wasn't because of the lack of market research.




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