I’m sure covid isn’t helping, but I fail to see how a Facebook events clone was going to make money.
Why not just pivot to digital events?
Before this year began, I was working a startup for college/university students. The idea was to allow students to be more social on campus by creating activities with other students and attend campus events. I was working on some features while keeping the blog up to establish some presence. Fast forward to now and it all seems like a waste of effort. There is no end in sight for this lockdown, some predictions are far late in the year and I am sure even after the lockdown ends, social distancing will be required. With COVID-19, I can't see my startup being anywhere successful. I am not sure what to do with it. Should I completely abandon it, keep working on it, or take into a new direction? I have invested a lot of time, money, and effort into it and the human part refuses to quit in fear of being a failure. If any of you have your startup killed by the pandemic, I would love to hear how you are coping with it. This year has been very tough and I really hope to see things turn around soon.
I was working on a niche social app with a a few thousand users and only about 10% were active. The app was entirely focused on in person activities.
Took a year of several people working around the clock to grow it that much.
2 months in to COVID, we’ve doubled our user base and we’re seeing around 60% of our user base use the app weekly.
COVID didn’t kill your startup, inability to adapt killed your startup.
Question asked by
May 15, 2020, 10:06:52 AM
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How to turn an interest into a money maker. How to attract people, how to stimulate people to pay, how to make profit, how to make relations, how to keep relations.
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Whether there are buyer willing to pay or not. For that to happen you must provide extreme value. The entire startup process would be based on guess before the validation. Validation happens in a market, not on the street.
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Minimally viable business, or MVC, minimally viable company. A company that scrapes by, full of guess and hope and no traction and sales. When you give your customers things for free they all take it. But they never pay and you can never rent a table at the market.
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