• 20 - The Island of Misfit Business Ideas

  • Apr 23 2021
  • Length: 35 mins
  • Podcast

20 - The Island of Misfit Business Ideas

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  • Summary

  • 0:20 - A break from the break!
    1:50 - Steven introduces his hydroponics inventory control SaaS idea
    4:50 - Problem #1: Distribution
    7:15 - Problem #2: Custom development
    8:30 - Problem #3: Significant setup & support
    11:00 - Problem #4: Market not ready for off-the-shelf software
    16:05 - Some clarifications on scope and distribution
    18:45 - Problem #5: Too early to build as a solo founder, would need a team to market & grow
    21:00 - Dan introduces his apartment buzzer password service
    23:30 - Problem #1: Can't dogfood it anymore!
    24:00 - Problem #2: It's a B2C product
    24:40 - Problem #3: Downtime is CATASTROPHIC.
    28:50 - Problem #4: May not provide enough value to convince people to pay for it.
    34:00 - Wrap-up!
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