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There’s one attribute (coming soon) that I need to have in order to write a check but I don’t believe is vital for success. In no time after they had researched their market they were up with pilots with local TV stations in 3 key DMAs. So the whole customerdevelopment cycle is very streamlined.
aka: An Open Letter to the Next Big Social Network) - 500 Hats , November 1, 2010 I've held off writing this post for a long time, because I couldn't quite get my head around all the issues. But I didn’t write it for you; I wrote it for myself. Research in Motion (RIM). How to Take Down Facebook -- Hint: It Ain't Twitter.
And how do you think the next person who’s thinking about writing you a check going to feel about that sort of cavalier attitude with their money? Research this market by doing market sizing, looking at existing products, talking to customers and deciding how you will make money. How does your brother-in-law feel about that?
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