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by sharemywin 4570 days ago
Start a blog on both your ideas. with a way for people to sign up with email. check out twitter and follow people that might be potential customers. next look at a kickstart campaign for the quadcopter idea. For the mobile here's a way for you to build your app. check out http://www.coronalabs.com/: it's $16/mo. you can build a mvp to field test your assumptions.
2 comments
random_user 4570 days ago
Well, I know current SV culture is to put it all out there and let the world see. I have cuts and bruises to prove this is not always the best approach. Business can be war and there are a lot of people out there ready, willing and able to steal from you. I had just that happen to me many years ago. I won't go into the details. I'll just say another business got started with my ideas. Competing against your own business plan is painful.
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sharemywin 4570 days ago
...and/or start finding angel investors at least 100 of them and pitch. if they don't bite find out the one thing that the 1first one is most hesitant about. fix it. my guess is though if you haven't commited any of your own money/time its' going to be harder. also try the same process for potential customers. or find someone that's willing to work with you to sell.
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random_user 4570 days ago
Here's the problem with that approach: It takes a long time and you are invariably going to talk to a lot of people who have money and nothing else to contribute. The only type of money you want as an entrepreneur is smart money. Just because someone is a VC it doesn't automatically mean they have value beyond what they might be able to contribute financially. Not a put-down. It's just a fact.

If I assume that, on average, each of the 100 VC pitches you are suggesting require, say, five hours of work that means 500 hours would be devoted to this effort. The truth is likely a much larger number. If I have to take that approach I would much rather bootstrap by using some of the smaller opportunities I've identified (Kicstarter being an interesting domain for such projects) and work my way up to the larger projects.

I am serious about business. I'd rather talk to five well-qualified people than engage in endless dances with those who will only waste your time. I am not saying this out of an enlarged ego. I am saying this out of experience.

How do you know which category they fall into? Well, experience in business is a big part of that.

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