Man it’s so frustrating to see another failure to gain revenue from x labs. I really wish I had the resources to take one of these out and find product market fit. I just don’t understand why product market fit isn’t established and revenue found before launching — these failures seem to elementary to avoid.
It just seems like they flail when they launch because they are science projects and don’t have established and verified customer pain.
I really think that one exercise could reshape the whole effort. Just work on problems that also have some element of customer traction — it doesn’t mean you can’t moonshot. But it does mean you can stay in business long enough to have a chance at a moonshot which is the really thought part usually.
It just seems like they flail when they launch because they are science projects and don’t have established and verified customer pain.
I really think that one exercise could reshape the whole effort. Just work on problems that also have some element of customer traction — it doesn’t mean you can’t moonshot. But it does mean you can stay in business long enough to have a chance at a moonshot which is the really thought part usually.