Molson Hart

I disagree. Finding pmf takes time. Knowing a market exists for an indispensable product and knowing the exact product to build for that market are two different things. Starting a company is just paperwork.

Yeah I agree with Matt (and I think this is the first time I've disagreed with you Nivi). Startups are too unpredictable. It's more important to just start! Pivot, iterate, modify until you get something with competitive advantage. Also there are a lot things that are...

Indispensable without being good businesses to start. Your car, your mobile phone, life vest, etc. Ive started 3 businesses. 2 are profitable. 1 not yet. None sell indispensable and all 3 had to pivot multiple times until they got product market fit.

It's very difficult to find a vulnerable market and build a product that serves that market without exploring. People dedicating time and energy to these ideas often need reassurance this is worthwhile, which is why you start a company to explicitly resolve this.

Facebook genesis stories are few and far between and honestly toxic to the world of entrepreneurship. Most successful companies like you mentioned explore, build and iterate till they find PMF.

Toxic is a bit strong but I agree. Everyone wants to have a billion dollar idea before starting or in month 1 or sometjing. And it's just not possible. The assumed need for venture capital, I'd argue, is similarly unhelpful to startups. Most of the time you can by without.

We all do. I feel like toxic is the right word here. Genesis stories like facebook are extremely rare, but get all the publicity. This pushes people away from entrepreneurship and also creates a false narrative for what it's like to actually be like 99.9999% of entrepreneurs.

VC money is meant for venture worthy ideas (massive market creation/disruption). If you're not describing how you're building the next unicorn, then your shit of out of luck on finding someone who wants to invest, thus you have to bootstrap to start smaller ideas.