comatose_kid
Joined 19 years ago
Joined 19 years ago
1)how well do you understand your customers (are you your customer)? Have you talked to at least 10-20 potential customers to understand what their big problems are?
2) Why do you believe that 'advancing the state-of-the-art' is needed to solve a meaningful problem? Maybe there's an easier problem you can solve for them, use the opportunity to learn and iterate.
It's technology without any sense of history, humanity, or culture.
For example in Los Gatos, appreciation has been 5% on average for many years, and so the 200k you put down on a 1m house will typically appreciate by 50k. 25% roi in year 1, increasing each year. Of course, property appreciation doesn't happen in a straight line, and houses cost money to maintain (property taxes, etc) but the larger point is valid.
This seems like a promising opportunity for startups to tackle...I wonder if there are any out there, would love to hear more.
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