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How To Invest 5 Years Of Your Live In Building a Startup and Make No Money
HOW TO 
Tags: business, how to money, technology, internet, online marketing, web design, advertising model, team entrepreneurship, partners commissions, product distribution, product development startups, ad agency integrated, sell product, new product
The model to build a new tech web business that you are most probably familiar with (or unfamiliar with, really), would be as following:
| 1. | Create a new product idea |
| 2. | Find people with a track record that will agree to join you as co-founders |
| 3. | Create business plan, investor presentation and start sweating - shopping around your project and beg for investment |
| 4. | Find an equity investor[s] that will finance your product development and marketing |
| 5. | Impatiently observe how your product design contractor screws up your deadlines |
| 6. | Dream of many ways how to get the investor and board of directors of your back |
| 7. | See how your marketing budgets slips away through your fingers, as your product development contractor requires more money and keeps sending to you new invoices, since they “underestimated” costs… about 10 times |
| 8. | Finally launch the product only to find out that it’s full of bugs, therefore nobody is willing to pay for it, and all together your web as it is cannot be monetized |
| 9. | … |
| 10. | ... |
| 11. | . . . |
| 12. | Start to sell your product and pray to break even… before investors will break your neck |
| 13. | … |
| 14. | . . . |
| 15. | After a few years of hardship sell your business (if lucky), only to find out that your stock has diluted and your small pool of remaining shares can be sold later on for not more than $100K. What a trip! What were you smoking when you started it in the first place?! |
Lister:
salesfanatics
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