[run4yourlives]

>If a product is good and investors are convinced it has a market, they'll invest.

The business world is littered with great products with no markets. And, as dot bomb showed us, investors don't have a clue. My advice would be to arm yourself with market knowledge, and not rely on investors.

>Insisting on an identified market before starting on something would eradicate a whole lot of University research.

That's why a whole lot of University research gets grants from taxpayers - nobody is willing to fork over any dough for most of it.

Seriously, are you trolling?