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    Startups Startups that win pitch competitions that never seem to make money

    Startups Startups that win pitch competitions that never seem to make money


    Startups that win pitch competitions that never seem to make money

    Posted: 05 May 2021 07:33 AM PDT

    I know a few startups who are (or have been) absolute beasts at pitch competitions yet some how never make money and end up going defunct.

    I don't know if it's because they spend more time trying to win pitch competitions than getting customers or if they're just better charlatans than product owners but I swear I see that all the time

    Anyone else notice this?

    It makes me avoid pitch competitions

    submitted by /u/MandemDontHearMeTho
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    Help with making a product that is very ''geographically attached''

    Posted: 05 May 2021 08:48 AM PDT

    Didn't know how else to phrase my title but here I go:

    I designed a product for bikes. It solves a pain point about durability and ease of replacement for a certain part of the bike. The thing is that it requires people to go to a bike shop and then the bike shop needs to have a specific tool that I also created so that the client gets full benefits from my product.

    So what I mean by ''geographically attached'' is that if someone buys the product and doesn't live near a supported bikeshop, he doesn't get full benefit... I can't scale blindly until my tool is largely adopted in bikeshop. I intend to be at a very local scale at first and then target specific places to grow.

    Does anyone lived through this or have example of company that launched a product like that? Some guidance and inspiration could help me or others with a similar problem!

    submitted by /u/FatMountainGoat
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    Is it better to start off with a high price and then lower it, or vice versa?

    Posted: 05 May 2021 03:57 AM PDT

    I'm thinking specifically of online software with a monthly subscription fee.

    A bit unsure how to price my product, so I thought I would try different price points out and measure the results.

    But I don't know if it's strategically better to start off low and go high or vice versa.

    Any thoughts?

    submitted by /u/drum_playing_twig
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    Cold emails dilemma

    Posted: 05 May 2021 07:10 AM PDT

    I just achieved a 60% open rate & 35% CTR on my cold emails.

    But my unsubscribe rate & spam rate are at the maximum level, any more & my account would be suspended, I am scraping the web for every email I send (don't have sales navigator nor do I have newsletter list).

    Do you think that I should stop scraping the web? I don't think so, if I was able to get 35% of complete strangers who view my emails to click the link then maybe I have something with this product.

    Plus, what is the alternative, waiting a year until my newsletter gets to 1000, some of them would unsubscribe anyway & some wouldn't even remember who I was in the first place.

    submitted by /u/shoman3003
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    How to perform a wizard of oz test for AI product in a startup environment?

    Posted: 05 May 2021 10:18 AM PDT

    I'm working for a startup in AI machine vision, using camera detection

    I need to validate some ideas and I got a suggestion to use mechanical Turk. I know Figma and I have some prototypes in Figma, I heard of Axure but I'm not sure if the best Wizard of Oz uses static front-end react + mechanical Turk.

    submitted by /u/superhiperwalrus
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