I'm shocked to find out we still sell something people want.
One of the things I realized... is how few success stories there are in websites or products or businesses that exist primarily for an altruistic purpose.
A product is not a product unless it sells. Otherwise it is merely a museum piece.
When a product is market driven, it should be able to pay for all its raw materials at market prices.
One of the top causes of startup death - right after cofounder problems - is building something no one wants.
It used to be that people needed products to survive. Now products need people to survive.
If someone doesn't believe enough in your product to put money in to it, then you should rethink how good the product is.
I happen to like selling clothes as much as creating them. It isn't relevant unless it sells.
No one cares how valuable your product is if its addressable market is small. The key isn't so much the number of users as it is the dollar size of the market.
Go find out if you can make your product. Once you make it, stop projecting what's going to happen and go find out whether your product can sell. Find out whether someone is willing to take hard-earned cash out of their pocket and exchange it for your product.
When making an investment, the people are more important than the product.
There's only so much stuff you can buy. I have to retail the stuff. Stuff that's really really weird - it's cool, but who are you going to sell it to? I do collect some stuff. In the end, I have to run a business.
It's whatever sells; it's the business of it.
If a product costs $10,000 or $20,000 it has limited use. This is what the first computers cost! Only when almost everyone is able to afford it will it be a real thing.
