Absolutely agree with this article!
My startup days are more than a decade ago but even then it was already well known - hence why tech founders with a bit of experience stay far away from these people.
The best part of the article:
> [...] you should demonstrate it in one of two ways that are relevant to your venture:
> Generate a big waitlist (> 1,000) for B2C play
> Get > 20 businesses to sign an LOI for B2B play
Ideas are cheap.
This is the business MVP worth spending 50% equity on and worth investing your time to build the tech prototype.
My best tip to handle business guys pestering you with ideas is to say "Great idea, bring me some clients and I will build the solution, then we can revenue share".
The best part of the article: > [...] you should demonstrate it in one of two ways that are relevant to your venture:
> Generate a big waitlist (> 1,000) for B2C play > Get > 20 businesses to sign an LOI for B2B play
Ideas are cheap.
This is the business MVP worth spending 50% equity on and worth investing your time to build the tech prototype.
My best tip to handle business guys pestering you with ideas is to say "Great idea, bring me some clients and I will build the solution, then we can revenue share".
I usually never hear from them after this.