>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.
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.
Seriously, are you trolling?