They’re simply putting off the (almost certainly) inevitable. I wish them the very best in their efforts to survive. Really. Even the terminally ill can experience miraculous recoveries.
Here are five companies. If you were being asked, as an investor, to pony up $50,000 based on a 4 minute discussion, how would you decide?
Too many businesses focus on the product, on it’s features, and trying to demonstrate them to you, in maniacal fashion. Ask them about who the customer is, what their problems are, and as he say’s, “…they look at you like you’ve grown three heads.”
You will continue to receive all manner of ‘all important ideas’ regarding how to improve your product. Some come from others, some from you (at 3am). Your plan (the thumbtacks and the string, together) lets you evaluate whether they’re able to be considered at this time or not.
It is up to Michigan, and all the bodies within, to make sure the rest of the world doesn’t simply slough it off, worthless and forgotten.