Friedman: Software startups face market risk; hard tech faces technical feasibility risk
Jared Friedman · Jared Friedman - Advice for Hard-tech and Biotech Founders · Y Combinator · Sep 20, 2019 · at 1:41
Y Combinator Partner Jared Friedman contrasts the core risk profiles of standard web/mobile software companies versus hard-tech startups.
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“So if your company is building a normal website or a mobile app, you probably have mostly market risk, which is to say you have a new idea. It's not totally clear if people are going to want this thing that you're making, but you probably don't have much technical risk because building websites and apps is a solved problem at this point. Whereas with a hard tech company, you're probably doing something that clearly people would want if you could do it. The question is whether you actually can do it.”
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