Silicon Valley Review S3, Ep7: Search for Naysayers
June 10, 2016 | By Kevin Vela
Episode 7 of Silicon Valley (yes, I skipped a few, but it was hard to write anything meaningful and startup-related after the romances of Episodes 5 and 6) is setting up Richard and the Pied Piper team for massive customer rejection. Every beta tester not named Monica is thrilled with the product. Something has to go wrong. My thought is that Pied Piper should have some non-engineers testing the product, i.e. people who may actually be customers. Look out for this.
I see something similar all the time with startups around town. Let me explain.
I’ve never had a new founder come into my office and say, “So, I’ve got this awful idea. No one likes it, but I’d like to move forward with it.” Quite the contrary. All founders who come in tells me that their mom, spouse, roommate, buddy, aunt, etc. LOVE the idea. These people can’t believe that it doesn’t already exist and agree with the founder that the idea should be pursued immediately. Or the founder is networking with a lot of other very early-stage founders, and they are all backslapping each other on how great everyone’s idea is.
What’s happening is that the people giving feedback love the founder, not necessarily the idea. The people giving feedback probably don’t deeply understand the product or idea. They simply love the founder and want to support him or her. They are just being nice.
Starting a company is excruciatingly difficult. Any experienced founder will tell you that. But the payoff is worth it. Good luck.
Posted in Silicon Valley Reviews, Startups
Kevin Vela is the managing partner at Vela Wood. He focuses his practice in the areas of venture financing, mergers & acquisitions, corporate law, capital raises, and real estate investment activities. You can see Kevin’s attorney profile HERE.