as the
current real estate bubble is cracking another bubble is slowly
thinning. Indian startups are funded left and right disrupting shit and
all that. It's good, it's actually driving actual consumer costs down.
This is happening by taking money from investors and subsidising
products, companies do this to get you hooked to their service. With
competition so fierce (it's unnaturally fierce, I know I have a startup)
consumers are demanding more, so the cycle repeats and said companies
go to investors asking for more. Most funded startups have a deadline of
2017-2020 for a roi. That's when you'll see the 9 out of 10 startups
fail.
The fault is with greedy investors vcs and angels who are for the lack of a better word sharks. A firm funds multiple competing startups.
We are a bootstrap startup not looking for vcs but still we get a call telling us to come over to 'chat' about our idea. Apparently they'll convince us to get funded if our idea is good. By good I mean an idea that they feel is disruptive enough to pitch to their senior partners.
This bubble will expand some more before bursting, but this can still be prevented by careful investment.
In a nutshell :
Bubble bursts in another 2-3 years but can still be avoided
Survivors would be bootstraps and very very big players like flipkart and Amazon.
If you have a list of things you shouldn't do, you have better chances at success. The same goes for startups.
Single Founder
As a single founder you have little chances of securing big funding. It's no coincidence that founders who succeeded did so as a team.
Bad Location
You can change everything about an apartment except its location. Similarly, if your startup is in a bad location, you can't change that.
Marginal Niche
If you choose an obscure niche, your startup would end up in a corner. If you're afraid of competition, this is not the way to go about it.
Derivative Idea
Remember, tomorrow's Google may be nothing like today's Google.
Obstinacy
Obstinacy Inability to adapt kills startups left, right and center.
Hiring Bad Programmers
Exceptional programmers are always in short supply. Hire good ones.
Slow Launch
The longer you delay the launch, the more you delay getting the answer whether your startup should exist.
Launching Too Early
Launch too early and you may be completely unprepared to handle anything
Choosing the Wrong Platform
How fast you scale would determine whether your startup lives or dies. On the wrong platform scalability will be a problem.
Raising Too Little Money
With too little money you may not be able to do all that you wanted to to their full potential.
Spending Too Much
Spend too much before you grow enough, and you're broke.
Having No Specific User in Mind
If you think somewhere someone will be interested in your product, you need to know who that is.
Raising Too Much Money
Raising too much can make you feel like a success even before you did anything useful. At the end of the day it's users you want to impress.
Sacrificing Users to Profit
You can always make money. This cannot be said about making users happy. You need to make something they want.
Poor Investor Management
If the choice is between making investors or users happy, always choose the latter. If the user is happy, your investors will make money.
Not Wanting to Get Your Hands Dirty
Go out and meet people. You can't solve all your problems with coding.
Fights Between Founders
Founder conflict is very common, and it can have lasting impacts.
A Half-hearted Effort
A lack of determination to see your startup idea through to the end spells disaster.
These may be helpful in sustaining the volatile Indian market.Above all your vision is all that matters and it's the only detrimental parameter that will define your success.
The fault is with greedy investors vcs and angels who are for the lack of a better word sharks. A firm funds multiple competing startups.
We are a bootstrap startup not looking for vcs but still we get a call telling us to come over to 'chat' about our idea. Apparently they'll convince us to get funded if our idea is good. By good I mean an idea that they feel is disruptive enough to pitch to their senior partners.
This bubble will expand some more before bursting, but this can still be prevented by careful investment.
In a nutshell :
Bubble bursts in another 2-3 years but can still be avoided
Survivors would be bootstraps and very very big players like flipkart and Amazon.
If you have a list of things you shouldn't do, you have better chances at success. The same goes for startups.
Single Founder
As a single founder you have little chances of securing big funding. It's no coincidence that founders who succeeded did so as a team.
Bad Location
You can change everything about an apartment except its location. Similarly, if your startup is in a bad location, you can't change that.
Marginal Niche
If you choose an obscure niche, your startup would end up in a corner. If you're afraid of competition, this is not the way to go about it.
Derivative Idea
Remember, tomorrow's Google may be nothing like today's Google.
Obstinacy
Obstinacy Inability to adapt kills startups left, right and center.
Hiring Bad Programmers
Exceptional programmers are always in short supply. Hire good ones.
Slow Launch
The longer you delay the launch, the more you delay getting the answer whether your startup should exist.
Launching Too Early
Launch too early and you may be completely unprepared to handle anything
Choosing the Wrong Platform
How fast you scale would determine whether your startup lives or dies. On the wrong platform scalability will be a problem.
Raising Too Little Money
With too little money you may not be able to do all that you wanted to to their full potential.
Spending Too Much
Spend too much before you grow enough, and you're broke.
Having No Specific User in Mind
If you think somewhere someone will be interested in your product, you need to know who that is.
Raising Too Much Money
Raising too much can make you feel like a success even before you did anything useful. At the end of the day it's users you want to impress.
Sacrificing Users to Profit
You can always make money. This cannot be said about making users happy. You need to make something they want.
Poor Investor Management
If the choice is between making investors or users happy, always choose the latter. If the user is happy, your investors will make money.
Not Wanting to Get Your Hands Dirty
Go out and meet people. You can't solve all your problems with coding.
Fights Between Founders
Founder conflict is very common, and it can have lasting impacts.
A Half-hearted Effort
A lack of determination to see your startup idea through to the end spells disaster.
These may be helpful in sustaining the volatile Indian market.Above all your vision is all that matters and it's the only detrimental parameter that will define your success.
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