Ask HN: Whats more important? Size of the target market or Passion for an idea.
I was wondering which of the following do you feel is more of an incentive to work on founding a startup:
A) The target market. Ie you only really care about making money. The bigger the market the more attractive it is to you. The idea is a means to an end.
B) Passion for the field/area which would be affected by your startup.
C) The very idea of starting something successful "from scratch". Ie independence from a boss etc.
D) The lifestyle that can be had from running your own successful company.
edit: Changed A). I think target market is kind of saying that you really only care about how much money/value you can make as soon as possible.
15 comments
[ 6.6 ms ] story [ 52.5 ms ] threadIf you don't love what you're doing, it will ultimately be difficult to stick with it for any extended period of time (2+ years). However, many startups can be sold off in that sort of shorter timeframe, making it mostly irrelevant if you care much for the work.
I don't know about D). I don't know what you are imaging about the lifestyle but all of it is hard (and hopefully enjoyable) work. If you are looking for less or easier work, look elsewhere.
I think you need both A) and B) to the extent they feed off each other and when your not hitting on cylinder A) for motivation, you are hitting cylinder B) and vice versa.
I didn't see anything on target market, but from a business perspective... Investors are going to ask you about this.
Having said that, I seriously doubt I will ever found a startup - I plan to make a chunk of money and have a life first.
For instance, I wouldn't want to work on something that I'm not passionate about (incentive B). However, over the long-term, I also wouldn't want to work on something that doesn't have a reasonable market (incentive A).
imo your description of incentive A is mistaken.Thinking about the target market doesn't mean that "you only really care about making money".
For example, many entrepreneurs would rather work on their startups than on something else that may think of as more lucrative. However, for the business to survive, the business needs to make money and so it a good entrepreneur would also try to understand the target market and think about whether it can sustain the business (and give up the business if it isn't able to make money).