Are startups a meme?
Like 85% of them, yes.
Why? Because of University funding and hipsters.
I went to one of my University's startup clubs, and they spent 40 minutes talking about an Uberlike service for dating. I was cringing so hard, I was out the door before meeting ended.
It's a meme as much as starting any business.
90% of them fail. That doesn't mean you shouldn't at least try to be the 10% that reaches its goals.
I agree. Anyways, my brotip that I'm going to drop for OP is to start a business based on an already existing industry by targeting deficiencies in the industry.
For example, the most successful people I know did the following...
1. Piggybacked off oil industry by doing surveying for smaller firms who couldn't do it efficiently
2. Created soy products when vegan was just becoming a meme and got 'waste' from soy processors for almost free which he converted at massive margins
3. Started a landscaping company, did nothing special except make it very automated & mass advertising
4. Worked as a cabinet maker and created custom closet company. It's huge now and he's retired
So, if you didn't get the idea yet...
1. Pick an industry you have an interest in.
2. Work in it and learn as much as possible about it.
3. Create a company and do things more efficiently or target a need in the industry that is unmet
That's literally it. Easiest way to create value for a large base of people with the least effort.
And if it doesn't work out, at least you're skilled in your industry and can easily find high paying work.
They're not a meme but I feel they are starting to form a bubble. Everyday there's a new startup or two that receive a good amount of funding, and most of them are either things no one is interested in, or things that have very few ways to monetize so they end up failing. Now Angel Investors and VC stay afloat because for every 20 failed startups in which they sunk millions of dollars, there's one who is going to get bought or taken public that will make them hundreds of millions of dollars, but as it becomes harder to innovate I feel that those hypothetical 20 failed startups will grow to 50 and at that point the VC is in serious risk of becoming broke. Now say that happens to the majority of VC and you have a few people losing quite a lot of money, plus a paralysis of innovation as investors lose confidence in startups.
Now that's just what I feel, I have very little hard evidence to back it up this is all based on stuff I read on the news and general internet browsing.
University funding and hipsters
Where the fuck do you go??
My fuckall cawlege won't even let me create a similar club because it promotes my "outside /biz/nesses".
*exhales a ree"
Anyone who ever gave to any Kickstarter went full retard and had too much money
Real startups are ok but probably pipe dreams mostly
Keep in mind this is a top engineering school. LOL
So basically escorts? kek
Kind of but it was based on rating of your profile.
The dominant gender gets matched up with the less dominant.
So for example, if there's 60% guys and 40% women on the app, you get 1 match a week.
So 40 guys would get dates from 40 girls, and the "hottest girls' would get matched with the 'hottest guys'.
It forces you into dates since you only get 1 date per week. So an above average guy will easily have an average girl at least every 2-3 weeks if hes active on the app.
Oh to add about the escorts thing, you can pay to get moved up in status and possibly get a date (the other date would get compensated if they have the option enabled).
Ouch. Just got an idea for a retro dating app: it's called a bar.
the other date would get compensated if they have the option enabled
no wonder you cringed
sounds like it's like a pay-for-date service japanese style but maybe going to your place or where you choose
It is a necessary meme to prevent millions of 20 somethings being jobless otherwise
Too many micro transaction s
Starting a startup is fine. Wageing at one is pathetic.
What if your 24 and making over 100k a year in a low COL area? Is that pathetic? Just wondering because I was planning to ask for equity.
anything that includes commuting is pathetic
If it's a social mobile app then fo sure.
I have three friends that founded startups. One has now for four years talked about a mobile social app without a known way of monetization. He can't program, he's done some mock-ups, and he has almost consistently gotten funding from sources that are there specifically for this kind of stuff. But after all these years there is not even a prototype. It feels kind of scammy to me.
The other two started a company that builds goPro accessories for detection of stunts. The hardware costs 5$ and the product 110$. However they were fucked over by a supplier, the algorithm detecting the stunts can't do too much right now, and basically as I hear there are now iPhone apps that provide similar functionality (all you need is an accelerometer I think).
So yeah time to learn from other people's mistakes or something.
Startups literally scared me away from computer science. I wanted to do it but all these fucking dorks who think they're the next Zuckerfag are so cancerous that I switched to mechanical engineering.
what do startups even do, most get the impression that they generate revenue simply by existing
you're poor pls go
When I think "Startups" I think some small pseudo-company with no real idea what it's end goal is, ran by a college drop out or "mommy and daddy paid my way through college" hipster faggots, surrounded by college friends and some other goons buying into the idea they're working for the next Facebook, all working for free or below minimum wage, and they're all sit around brainstorming ideas that have been done before with some retarded twist.
I don't think legitimate small business. I think the new form of get rich quick scheming of the kickstarter/patreon era. These are the people you see on Dragon's Den/Shark Tank with incredible dumb business models looking for some rich cunt to give them money.
I'm a chef at wendy's making 500k a year with a 9 inch cock.
I miss Dave Thomas too user
Seconded, but then again, the majority of startup founders have it in their head that they are going to get rich from a Facebook copy, or some other app/service nobody will ever use. Most of them put minimal effort in, expecting massive results in a short amount of time. They don't care about their customers, they don't know their end goal, they just exist. Startups should have a purpose, a need, that's where ideas are derived, once you have an idea like that, money should come naturally.
Well at Wendy's we always say "Quality Is Our Recipe", so I think high quality is important in any business venture.
They get funding. Create a prototype. The get aquired by a company that knows what they are doing.
interest observation user, i appreciated your input thoroughly
what the public thinks of when they say startup is certainly a meme.
The reality is right now someone is starting the 5,632nd window washing company in his city and will be a millionaire by years end.
startups that work aren't sexy and they aren't new ideas. They also aren't anything the public will ever hear or talk about.
tech bubble 2.0 is happening, go short on all tech companies now
The problem here is akin to the problem of playing professional sports.
The VC (team owner) gets to play the game 20 times a year for 20 years.
Each individual player (employee/founder) gets to play for three or four teams during their entire career.
Playing in the minor leagues can be a fun way to make a living if you happen to like baseball; but very few, if any, of those players will go on to win a World Series. This doesn't matter to the owners of the farm teams.
A prototype of what, bumblebee?
You've created even more questions...
This. An app is not a plan. Their problem is their way of thinking. They start by the end product without doing their homework. Maybe the best solution to solve a problem or appeal to a certain type of customer is an app, or not. But I cannot believe that in most cases muh appz is the most efficient solution.
This was exactly my strategy and it works, you just have to be imaginative and research what niches could expand or improve service
I had two "startups" and they failed. I was naive and the ideas were stupid. They were just useless apps that didn't produce a that didn't produce anything of value. I am so sick of this start up shit. It's the flipping houses meme of the 2010s. Now everyone and their brother thinks their uber because they have a cool pitch deck and a "good" idea