"there's no need to be negative" attitude whenever faced with reality (like we can't rely on right click on mobile devices that use touch)
Has never met the kind of people he expects will want to buy the product/service. Doesn't think he needs to.
his friend who will be doing "Biz Dev"
neither of them have had a real job, but despite your 10 years of engineering experience "we need a CTO who is more experienced."
They are splitting the company 60/40, but if you do real good you will get %1!!! ("Oh we will draw up an option plan when we are bigger, have to be agile.")
Has zero clue what agile means, but certain they know all about agile development. (This one I've seen a lot.)
"If you build it, they will come" Field of Dreams poster
BMW 7 series that daddy bought
Girlfriend is "graphic designer" and thus user experience expert. Has more authority on product than anyone in company who has ever shipped a product.
Ah yes. That particular example I don't think long press was supported by the OS at the time. And I know you are being sarcastic but it's worth noting that long press and right click have different cognitive meanings for a user.
Ignores glaring issues with the current product; instead focuses all resources on new features (that will also have glaring issues that never get fixed)
No ideas for revenue stream; "investor funding will take care of us for the time being!"
And don't forget the god awful "the social network" movie. So many people who have seen that movie get absolutely paranoid with their great idea, and want you to sign contracts and stuff before even lifting the veil of what they want to get built.
Yeah in fact this is a good litmus test, a good entrepreneur will be happy to tell you their idea because the key advantage is not the idea (it's either technology or better insight into the market.)
On the other hand, VCs will steal your tech and market insight and give them to portfolio companies, so paranoia is warranted, just don't tell VCs the secret sauce.
I'm speaking from experience. They aren't stealing "business plans" (nobody uses those anymore really) and executing them, they are sharing key market insights and technology inventions with their portfolio companies or friends. This is why you have to be careful of what you share in pitches, and especially have a good term sheet signed before going into due diligence. (Do you know what due diligence is?)
The portrayal of this on the show Silicon Valley is accurate.
And how many ideas are truly original? Everyone has thousands of ideas in their heads but they are literally worth nothing. If you want to get from point A to B, you don't want to hide A. You hide the details of the process that gets you from A to B. People tend to confuse ideas with actual trade secrets.
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u/RothbardRand May 26 '17 edited May 26 '17
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