āļø Choose between: create a super useful startup or a super profitable one? š
Eugene Lipski
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What would you choose: to create a product that will undoubtedly improve the lives of millions of people, but with no guarantee of commercial success, or to create a product that is obviously super commercially successful, but has no real utility?
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I'm personally more inclined towards social causes over profit, most of my projects start from a desire to improve other's lives, therefore I usually price my products in a way that covers the operational costs and generates a small profit to cover for rainy days, trying to stay as low as possible to benefit the most people.
But that doesn't mean I've not had projects that were purely to make money in a silly way, haha, gotta have fun sometimes!
Launching soon!
@emnificent Sometimes you do something interesting and you don't expect to make money from it and suddenly it starts making some profit. That's the best part!
I would create a profitable one and then a useful one. When you have money it's easier to help other people.
Hmm, surely if you had to choose you'd have to choose to improve lives! Like the regret of not doing that would be painful
I'm not sure this is a dichotomy... If a product has no real utility how can it be a commercial success?
I suppose you can have super useful products that are not a commercial success... but I can't see how you can have a commercially successful product that is not useful.
Note that useful here doesn't necessarily mean creates a net positive impact in the world though - if we take useful to mean a net positive impact then you might have to choose between commercial success and social impact. But it is not an either or kind of thing.
A product that has great utility and creates a positive social impact but can't pay for itself - is not going to be around in the long term, and that surely can't be good for the lives of the people it impacted.
Personally I'd go for social impact, but in the knowledge that whatever the product/company is doing it needs to be able to self sustain