You don’t need $1m to see if an idea is feasible. Budget isn’t the issue for those programs, it’s getting enough applicants with ideas that are even reasonable in the first place.
Oh yes, you do, in the current envoirement. You compete for the same attention from retail consumers and enterprises. The price to reach said consumer gets ever higher + the usual monetary inflation. That's why every company is raising $1MM+ in seed nowdays while decent ones are raising $3MM+.
Also, most of the times far fetched things require a lot of time and money by it's own virtue because they're hardware and require long basic research. See for example as of recently: BOOM.
We're not talking about seeing if there's demand for a piece of software.
> Oh yes, you do, in the current envoirement. You compete for the same attention from retail consumers and enterprises. The price to reach said consumer gets ever higher + the usual monetary inflation. That's why every company is raising $1MM+ in seed nowdays while decent ones are raising $3MM+.
Why do you have to reach consumers at the ideation stage if
> We're not talking about seeing if there's demand for a piece of software.
Also, most of the times far fetched things require a lot of time and money by it's own virtue because they're hardware and require long basic research. See for example as of recently: BOOM.
We're not talking about seeing if there's demand for a piece of software.