Yes, but who said they'd BUY the damn thing? (2010)

mooreds1 pts0 comments

Yes, but who said they’d actually BUY the damn thing?

Subscribe

By Jason Cohen on

August 9, 2010

Reading time: 7 min

ePub (Kindle)

Printable PDF

Yes, but who said they’d actually BUY the damn thing?

by Jason Cohen on August 9, 2010

Have a great idea? Prove it by finding ten customers ready to hand over cash. Everything else is avoiding the truth.

Editor’s note: This article was written in 2010, three years before The Mom Test was published.

Of hundreds of startup pitches at the<br>Capital Factory incubator in Austin, Texas, almost none had unearthed 10 people willing to say, “If you build this product, I’ll give you $X.”

Meditate on this: Hundreds of people ready to quit their day jobs, burn up savings, risk personal reputation, toil 70 hours per week, absorb as much stress as having a baby (believe me, I’ve done both)…. all without identifying even ten measly people actually willing to pay for what they’re peddling.

Short-sighted, no?

If you can’t find ten people who say they’ll buy it, your company is bullshit.

Aren’t you sick of every startup blogger on Earth badgering you about this? Steve Blank says “get outside the building,” Eric Ries says “seek validated learning,” Sean Ellis says “seek product/market fit,” Drew Houston says “the only way to learn on a $0 budget is to talk to people.”

I say “find ten people who say they’ll buy.” I say “get off your ass and produce hard evidence that customers are in your<br>future light cone.” I even tell you how to interview customers and how to do everything else.

But you’re still not listening. You repeat these mantras at Lean Startup Meetings but you’re not doing it.

You’re understandably scared of been proved wrong , especially now that you’re all worked up about the new business idea, and extra especially after you’ve already told friends and family you’re doing this and they’re expecting you to complete your quest.

But jeez people, you’re not even trying. And worse, you’re inventing lame excuses for why you’re not trying.

One excuse is: “I don’t know how to get 10 people to talk to me, before I have a product.” OK, here are a huge number of ways that other entrepreneurs have successfully used. Pick one or two.

Full power to forward shields y’all, I’m coming for you.

“I’m scratching my own itch. Since I’m my own target customer, I already know what to build.”

Oh! I didn’t realize your typical customer is observant enough to recognize monetizable pain, creative enough to invent products, able to convince others to work for free and invest money and time with you, and passionate enough to quit her job to pursue unproven ideas.

Fooey! By definition, if you’re a startup founder you’re explicitly not your customer.

“Scratching your own itch” is how all three of my companies started, but it’s only that⁠—the start. It’s the spark of inspiration, not the strategy. It’s the grain of sand tickling the oyster, not the pearl.

Look! Smart people agree:

“Be a user of your own product. Make it better based on your own desires. But don’t trick yourself into thinking you are your user.” ⁠—<br>Evan Williams, founder Blogger & Twitter

“If the VP of Engineering thinks the target customer is just like him/her, you’re doomed. If the VP of Marketing thinks the target customer is just like him/her, you’re doomed.” ⁠—<br>Cranky Product Manager

“Our customers did a lot of stuff that I would never do. We think differently. We solve our problems differently. We have different needs and wants. Repeat after me: You are not your customer.” ⁠—<br>Eric Ries, Lean Startup leader (repeating a conversation with a startup founder)

In fact I challenge you to find one founder of a real business who thinks “I’m the customer” is the only market validation you need. If you still don’t believe me, here’s a whole article debunking this idea in detail.

“There are millions of potential customers, so it doesn’t matter what only ten of them think. I need to just start; later I can survey and learn something statistically significant.”

If there are millions, it’s trivial to find ten. If you can’t find even ten, then either there’s not millions or those millions aren’t interested in you.

Businesses don’t start with millions of customers, they start with one, then ten, then a hundred, and then a thousand. But most don’t get past ten.

If you haven’t gotten ten to at least say they’ll buy, where do you get your hubris to proclaim that thousands actually will buy?

“My customers can’t understand mock-ups. I have to build it first.”

You shouldn’t need screenshots or PowerPoints to convince someone in your target market that what you’re doing is compelling. If your concept is so esoteric that you can’t describe it in 30 seconds at a cocktail party, it’s either too complex or you don’t understand it yourself.

Take me and WP Engine. I got thirty people to tell me they’d pay $50/mo for this service before I had a company name, a website, a product, a co-founder, or an employee. And don’t say...

people customers customer startup product find

Related Articles