A lot of “experts” will review your business model and tell you it doesn’t make sense or they don’t get it or more likely, just simply smile and say “that’s nice”.
Success in a startup is not measured by winning pitch competitions or even being accepted in a great accelerator program. All these institutions have people who judge your idea by preset criteria and they bring their personal biases into it.
Success in a startup is not measured by getting venture capital. The statistics still say that less than 10% of those seeking institutional funding will find it. Less than 2% of them will actually provide a return.
A funny thing happens along the way… As you start to get traction and grow your customer base, the opinion of the experts starts to improve.
Only one thing matters: solving a big problem for which people are willing to pay for the solution. There’s only one place to find that answer; the person with the problem.
Blogging Gazelle is published daily by Shawn Carson