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by thedillio
5145 days ago
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Congrats. You are in a great position that many hackers would kill for (no pun intended). My advice echoes and negates several of the comments already posted: - I agree that, at best, you should launch something in a space you know about (ie oil) or at least in a vertical you are very interested in. However I would be less concerned about how "lucrative" the market is (as one commenter suggested), other than the fact that there is a market. Many businesses have been started in markets one wouldn't typically associate with "lucrative" - selling to teachers is one example.
- Instead focus on creating value or solving a problem. Seems obvious but so often startups try to find problems for their solution that they've built. I've been guilty of this myself.
- Don't angel invest. That is a good way to lose your position and some money. Plus you imply that your more interested in entrepreneurship anyway.
- Learn how to code a little, even if you plan on finding technical co-founders or paying someone to build your product. It gives you perspective and depth while making you better at properly scoping projects for others. Best of luck |
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