Tag Archives: venture capital

Problems + Pain = PROFIT for Startups

I have just stolen/adapted that headline from Christine Comaford-Lynch of Mighty Ventures

It is the opening title of the first email that she sends to new subscribers to her email list, and goes on to say

But remember: it's not enough to just "diagnose" that pain.
People have to perceive it as a problem in search of a
cure. Only then will they open their wallets to get that
pain removed.

and a little later on

–Find a problem that needs fixing.
–Dig deep into the problem to find out what the real
core need is and the best way to solve it.
–Take the first step to creating that

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Keep Startups Simple?

This is something that distracts me from my long-term goals.

Paul Graham of Y-Combinator

Here it is: I like to find (a) simple solutions (b) to overlooked problems (c) that actually need to be solved, and (d) deliver them as informally as possible, (e) starting with a very crude version 1, then (f) iterating rapidly.

I suppose that works for a lot of situations however there can always be complications

  • Google and compensated links
  • Patents – not so much to defend the idea, but for barter
  • Major competition from the likes of Amazon & Ebay
  • Competition from other people in affiliate marketing
  • I am not a programmer

I

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