I would suggest going even further and not raise money before having some kind of traction or a strong product/market fit based on a statistically significant user pool.
I would suggest going even further and not even build anything until you have some kind of traction or a strong product/market fit based on a statistically significant user pool.
OK, I see what the downvote is for. But let me explain why I say you "shouldn't build anything" until you have traction or a strong product/market fit.
Building ANYTHING takes money. You might not think so, but it's true: you can't build some tiny part of "anything" without raising money.
You NEED have to have some resources to spend on it.
I mean if $0 is the true cost of building a pre-raising-money product to the stage of where you can show traction or a product/market fit, then I'll take the world's supply of pre-raising-a-round product RIGHT NOW.
That's right. If you have a product that is available for $0 and that has not yet shown a product/market fit or some kind of traction, I'll TAKE IT. Right now. Or whatever fraction of it you want to sell me at that valuation. Just hit me up for a reply.
If, however, as I suspect, the world supply of that is itself 0, then you have to realize that any kind of product, even pre-"raising a round", itself costs money and resources.
You should not spend EVEN those resources until you have some kind of traction or product/market fit. Really. I'm serious.
Have product/market fit, have traction, before having product. Don't build it until it's wroth building.
