Great thread in general.
via Hacker NewsA lot of this can be simplified to three questions:
- What problem is your company solving?
If you don’t get an answer, beware. If the answer sounds vague, beware. If the answer makes no sense, beware. If the answer is multifaceted, beware. This suggests that the company will not even begin the process of becoming profitable.
- Who has this problem?
You should get a clear picture of an actual person. If not, beware. If that person has no money, beware. If that person has no pull within an organization, beware. If that person is high maintenance or fickle, beware. This suggests that the company will never find the revenue they seek.
- What’s your solution?
If the solution doesn’t actually address the problem, beware. If the solution is too expensive for the customer, beware. If the solution can’t be differentiated from its competitors, beware. If the solution has no competitors, beware. If there are a dozen solutions, beware. This suggests that no matter how amazing the technology or technical team, the company will not be able to execute on its business plan.