Turning your “killer app” or web service into a global giant attracting millions of users and stratospheric valuations is much more difficult.  Yes, we’ve had the likes of Google, Facebook, Airbnb, Uber, and Spotify, but the reality is that 90% of all early stage businesses fail, whether through lack of investment, customers or sales.

Source: BBC Business

Date: November 11th, 2015

Link: http://www.bbc.com/news/business-34731456

Discussion

1) The advice is to begin by” looking for pain points in an industry and saying how do we address those pain points?”  What are some services or things that you do that have “pain points” for you?

2) Brian Chesky, co-founder of AirBnB once advised other tech entrepreneurs to “build something 100 people love, not something one million people kind of like.”  How does this change your thinking from above?