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by JofArnold
5034 days ago
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I've posted a few things about this in reply to others, but my advice would be; don't make an app. That sounds really jaded, but if you look at the massive players in the fitness space (e.g. BodyBuilding.com, CrossFit, LA Fitness, QVC ;) ) they are all either selling a dream or selling a sport/lifestyle... and all with large recurring revenues. At the other end, you've got millions of exercise trackers and exercise videos fighting over scraps in the app store... I don't know what the next big opportunity is in fitness - or I'd be doing that - but I'm pretty sure it's not apps or quantified self or stuff like that. I've not yet seen anything that strikes me as "big". FitnessKeeper might get a great exit though - hope they do :) |
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For the record, I've been in your shoes before. Started a mobile games company back in 2002, struggled for 3 years with almost no sales at all and had to shut down. Met a first-time founder in 2009 who had this idea of "opening a mobile gamung company" and advised him wholeheartedly about not going there. He's now hiring his 30th employee, making millions every month (and didn't even take VC money to start)...
TL;DR: it didn't work for you, but it CAN work for someone else...