Interesting thought from @tylertringas , whose EarnestCapital launched today. https://earnestcapital.com/ pic.twitter.com/hBStDpqDNJ
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I'm glad that there are several teams working on solutions for this, and eagerly looking forward to reading about which experiments work.
One of the conversations I have a lot in Silicon Valley is "Could $10k do anything at the margin? Pfft, if you've been working at AppAmaGooBookSoft, that's tiddliwinks." And I remember my budget for my first business was $60, and I had ~$2k in checking on day I went full-time.
It feels to me like there are probably opportunities here, of the general shape "Wow it's freaking amazing that somebody went so far for so little at the margin; how did nobody see that before?"
This is a risk play though right? There is a literal binder on how to price McDonalds risk. Very good software teams can’t tell you if or when they will deliver.
Not only that—McDonald’s is a proven business model, and the research metrics used to determine good locations are known and understood by financiers. New software products are often in emerging markets with many unknowns.
Do you know how many (financially viable) online form generator/editors there are? I think the ecosystem does ultimately find a stable base for commodities and niche value. Just don't expect to be a unicorn.
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