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Search - "million dollar product"
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It's always the people who being nothing but "million dollar ideas" who want you to build the entire product and then have the audacity to ask for 50% profit.7
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Wish we can shut down every tech product and service and start all over again. All the million dollar ideas are already realized and the only thing to do is be a rich guys employee now.9
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When you decide to create a startup and then look for someone on freelancer.com to create your Million Dollar product with a budget of 750-15004
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I'm studying a mix of computer science and engineering. This semester we were tasked with hacking a "smart-production"-production-machine.... And OMFG it's shit!
This is a product by a major company and it's version 4... How the fuck is it this bad?
Like, using the same 5-letter password on all the PLC's FOR THE ROOT USER!!! WTF!!! AND open, unencrypted Telnet.....
This is a million dollar machine and, as soon as a hacker is on the same network it is done for! wtf.... I just can't believe how easy it was to get in and reek havoc.6 -
Alright, my very first post here was about this project and I am thinking it out loud again.
I see a problem and I am struggling to find a solution.
Now what I am thinking of is to articulate the problem well and state WHY I believe it needs to be solved. There are some reasons which must be presented in a capitalist way.
Furthermore, I am thinking of doing a market research to understand various demographics, validate the idea, and figure out the product-market fit.
Now, this qualitative research and quantitative data will help me decide whether it is worth putting in the efforts to solve the problem or not.
And since, we have an MVP already (funnily yes, we built it before all of the above), that will help me validate the tangible solution.
Once we get a confidence boost, then it will be time to get that single transaction which has net positive cash flow.
Start scaling to 'next billion users', so a billion transaction with net positive cash flow.
I won't be branching out into multiple verticals before be able to sustainably scale the core USP.
And while the second half sounds like, 'I have a million dollar idea', I am trying to be more and more realistic and rationale instead of falling in love with my idea.
I don't even have an idea (read solution) to fall in love with. Rather I have a problem that is bothering me.
So, yes, I am continuing this journey to solve the problem which started in second year of my hostel room and has evolved over 10 years.