Startups should make something people want (gooddinosaur.com)
Kevin Costner is full of sh*t ... when it comes to startups at least. Build it and they will come. I implore you, do not listen to this man! This line of thinking is out in left field (har har).
I have to admit, I used to subscribe to this tag line. A few years back, I felt that if the idea was there, all that was barring a venture from success was time, effort, and determination. As a result, several of my early projects were drastically over engineered and tragically under utilized.
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[ 3.8 ms ] story [ 52.5 ms ] threadWhen I see a startup shooting for "minimally viable" I head in the opposite direction.
One thought/question: How much of an impact does a high-quality graphic design have on your perception? I'm betting that going the extra mile on the visuals can strongly aide the perception that the company is legit.
When I say "minimally viable" it regards quantity rather than a quality, as in "we think the market wants something that does X, so lets build something that does only X right now ... we will build Y and Z if we see further buy in, but we aren't going to build those until we see if our first go at it was in the right direction."
As for the advice... It's good but there is a world of difference between testing something you've built and asking people if they'd want something you haven't built. In "The Innovator's Dilemma," the case of excavators is used as a case study.
If you had asked construction managers whether they wanted hydraulic excavators instead of cable excavators, they would have laughed you out of the industry. The hydraulic excavators of the day were flakey and much smaller than the cable excavators. Nobody who was using excavators would want one.
The point was that hydraulic excavators ended up creating entirely new markets. Likewise, my own personal example is the GUI. I remember when this was just a research fancy at Xerox. I used a Xerox Star at Humber College in Toronto. Great stuff, but priced in the stratosphere.
If you'd asked anyone whether they needed a mouse and bitmapped screen to replace their CP/M word processor, you would have been laughed out onto the sidewalk.
Yet look at what we have today. Some things should be shown, and even then you might have to keep plugging until a light goes on and some entirely new market (like desktop publishing) springs up to use your innovation.
Oddly enough, "Ray Kinsella is full of shit" is a title I would have clicked on sooner, even though I didn't know who he was.
I'm running on a dime and a dream quite often so this exercise is very important. I'd argue that your examples (which are very, very good ones) demonstrate market participants that could take on a much riskier venture than many would be capable of undertaking.
My point is to not blindly push forward (a mistake I have made many a time, and one that I've seen others around me committing as well), but to size up what you are venturing into whenever possible. I'm completely fine with attempting to turn the tides of an industry or make a new one, but I want to know if that is the fight I'm gearing up for ahead of time if possible.
Thank you for your insights!
And of course, there really was no reason to disparage the auteur behind Waterworld aside from being linkbait. ;)