If a product is good and investors are convinced it has a market, they'll invest. Otherwise I'll need to move on to something more compelling. That's no reason not to try. Insisting on an identified market before starting on something would eradicate a whole lot of University research.
Because a great product is not the same thing as a great company. Investors don't invest in a good product, they invest in great people. Look at any VC or angel webpage and you'll see what I mean. Here is a quote from YC: "The people in your group are what matter most to us"
And btw. University research is for finding out how the world works, business is about making money. There is a big difference between the two.
from what I gather you seem to be saying is that great product people aren't as great as great marketers / biz people and that great product ppl/devs can't simultaneously have great marketing and biz skills too
>If a product is good and investors are convinced it has a market, they'll invest.
The business world is littered with great products with no markets. And, as dot bomb showed us, investors don't have a clue. My advice would be to arm yourself with market knowledge, and not rely on investors.
>Insisting on an identified market before starting on something would eradicate a whole lot of University research.
That's why a whole lot of University research gets grants from taxpayers - nobody is willing to fork over any dough for most of it.
If a product is good and investors are convinced it has a market, they'll invest. Otherwise I'll need to move on to something more compelling. That's no reason not to try. Insisting on an identified market before starting on something would eradicate a whole lot of University research.