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13-01-2021, 09:33   #1
mariaalice
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Is it difficult to start a tech company.

How difficult is it to start a tech company? and make it successful?.
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13-01-2021, 09:34   #2
listermint
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Very,

.thanks.
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13-01-2021, 09:34   #3
EndaHonesty
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It's so easy, I can't be bothered to do it...
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13-01-2021, 09:34   #4
ednwireland
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easy if you have the smarts, the money and the ability

and a 10 or 20 year slog until you get to a point where you can sell it
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13-01-2021, 09:48   #5
mariaalice
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Twitter, Instagram, Youtube, and the like basically any information-sharing platform have made their founders billionaires in a very short time, so could someone found a system that could replace them.
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13-01-2021, 09:53   #6
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Easy. A few power cables, rubber bands, desks and chairs and you can have 10000 jobs in Longford in the morning
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13-01-2021, 09:55   #7
SouthWesterly
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Originally Posted by ednwireland View Post
easy if you have the smarts, the money and the ability

and a 10 or 20 year slog until you get to a point where you can sell it
I was in a company who were in business 10 years and had 5 staff. The economy hadn't recovered and they crashed after being unable to sell.
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13-01-2021, 09:57   #8
Atlantic Dawn
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This industry moves so fast it's really hard to tell. That's why you need a name that's cutting-edge, like CutCo, EdgeCom, Interslice.
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13-01-2021, 09:59   #9
cms88
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Well in my experience the likes of Enterprise Ireland etc will just trow money at anything that's even remotely ''tech''. I've seen it myself businesses that have no cusomets etc just an 'idea'' yet have been able to go on for a few years just based on gtants etc
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13-01-2021, 10:01   #10
Valhallapt
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If you have to ask, probably not a good idea to start one
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13-01-2021, 10:05   #11
mariaalice
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If you have to ask, probably not a good idea to start one
Trump has been effectively de-platformed could another 'twitter' emerge and give him an outlet.
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13-01-2021, 10:06   #12
seamus
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Originally Posted by mariaalice View Post
Twitter, Instagram, Youtube, and the like basically any information-sharing platform have made their founders billionaires in a very short time, so could someone found a system that could replace them.
A lot of these platforms are pure luck.

For every Facebook, YouTube, Twitter, Insta, there are 1000 entrepreneurs who pumped months into building an almost identical site/platform that just never got the traction. Some of it is about having the money & connections to push the platforms out.

Sometimes it's pure luck that the public chooses to use yours. The one that becomes popular often isn't the best one, the fastest, the easiest to use or the most clever. The trend just picked it and everyone ran with it.

TikTok became popular because hundreds of millions in Chinese money was spent marketing it.

If you're looking to make money in tech, a social media site is not the way any more. If you do come up with a good idea, one of the big players will steal your idea and do it better than you in a fraction of the time.

The money now is in finding ways either to change a traditional industry into a technology-first model - like Revolut - or identifying existing technologies that can be made a lot better - like Stripe.

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Trump has been effectively de-platformed could another 'twitter' emerge and give him an outlet.
That was already tried. A platform called "Parler" set itself up on the basis that it wouldn't censor people like Twitter does, and it became very popular with conservatives and bigots for a while.
Parler was pulled down after it became clear that the platform was being used to incite and organise violence.

There's a fairly constant rule in public platforms that Parler missed; To maintain a healthy "melting pot" of voices, you have to carefully moderate the content. If you don't, eventually bias creeps in as one point of view begins to dominate and all of the others leave. In particular, completely unmoderated platforms always end up with nothing but racism, violence and child porn.

Last edited by seamus; 13-01-2021 at 10:10.
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13-01-2021, 10:07   #13
PhilOssophy
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Easy to start any company.
Hard to be successful.
Also it can be hard to decipher what attracts people to some companies / platforms. Zoom is a perfect example, it had absolutely no USP yet once Covid hit, a previously unheard of platform was a world-wide brand. In spite of Skype, Google Hangouts, etc having been in that market for years.
Revolut is another good example, and now the banking sector here is trying to come up with a counter-plan to go head-to-head, but Revolut might just have too much of a foothold in the market?
Another good example is Microsoft and their browsers, no matter what they do people don't want to know about Edge.
Sometimes, it is just a bit of luck that a tech company needs.
What are you trying to do with this company OP?
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13-01-2021, 10:08   #14
listermint
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Trump has been effectively de-platformed could another 'twitter' emerge and give him an outlet.
Was waiting for this

Knew it from the first post.
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13-01-2021, 10:11   #15
PhilOssophy
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Was waiting for this

Knew it from the first post.
Any company that would hang their name, reputation, etc on Trump right now, would need their head examined.
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