Wednesday, October 21, 2015

So-Called Entrepreneurial Expert Part 2

A developer/investor and all around genius at everything according to himself decried Kronicity's mission and vision as too broad, demanding "Do one thing and only one thing!" He complained we were timeline generators - I never stated that and were, 'cause we're not. He complained about our market segment as well stating that our focus should be "schools or not schools" and not the general public. He said commercial accounts for health and fitness and music were way too different and would doom Kronicity to failure.

Idiots like this are really great at quoting crap like that without actually understanding what the originator of the statement meant. Kronicity does focus on one thing. It's in our Vision and Mission Statements:

Vision (Where we tell ourselves we want our future to look like)
Provide validation, perspective, and enhanced value to the internet by becoming the world's next technological jump in how data is collected, disseminated, and integrated into the human quest for knowledge.

Mission (Internal statement of How we plan to do it)
to create a web-based platform for easy data collection, organization, validation, and value enhancement from any source. 

We're not a collection of timelines and we don't create content. We provide tools for others to do this in any field of study. I mean seriously, does microsoft office focus only on law practices? Does google focus solely on schools as a market? Absolutely not, they provide tools to be used in ways they never considered. 

Lesson here is to understand your product and its market segment. You've been living this project for months or even years. If someone thinks they understand it after a few minutes and insist they know better than you, leaning on a stack of best selling How To books, just walk away.

What you do want to look for is an investor who will ask more questions than dwell on obstacles. The fist meeting is to understand the product and the market. If you can't get past that, stop. If they do understand both and have valuable insights, usually from working in that market, start the dialogue.




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