Comments on: A heartbreaking story about time and money. https://berkonomics.com/?p=5400&utm_source=rss&utm_medium=rss&utm_campaign=a-heartbreaking-story-about-time-and-money Dave Berkus' business insights Thu, 12 Oct 2023 18:53:39 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Will Hill https://berkonomics.com/?p=5400&cpage=1#comment-161738 Thu, 12 Oct 2023 18:53:39 +0000 https://berkonomics.com/?p=5400#comment-161738 Enjoyed your article. I had exactly the same experience.

After running out of money chasing the consumer market the company assets were sold to a major supplier who is now making the original niche product for the smaller market. The smaller market opportunity was obvious to me when I started but the VC wanted to go big. It was my first startup experience after retiring from the corporate world and the VC was focused on scale. I thought they were smarter than me. I was wrong: 🙂
Thanks.

]]> By: Mark Kreloff https://berkonomics.com/?p=5400&cpage=1#comment-161714 Tue, 10 Oct 2023 15:37:11 +0000 https://berkonomics.com/?p=5400#comment-161714 “The company grew to be well known in this limited niche.” That would have been a non-starter for me. I avoid businesses that operate in limited niches.

]]> By: Kishore Raja https://berkonomics.com/?p=5400&cpage=1#comment-161680 Sat, 07 Oct 2023 00:24:36 +0000 https://berkonomics.com/?p=5400#comment-161680 Great article Dave.

I don’t know about you, but I would much prefer to spend dollars reinforcing a great first customer’s experience than fighting fires in the marketplace after seeing negative reviews. Make sure your entire staff buys into this mantra

The highlighted part is the key to success and have to learn ways to empower people, as its the people that make things happen.

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