A great idea doesn’t always translate into a great business.
I know this from personal experience, having worked at a web startup, Word of Mouth, that allowed its users to read and write reviews of businesses. At the time it launched in 1999, it was a novel idea that several clients embraced. But several does not equal thousands and before you knew it, the likes of Yelp were dominating the space because they were better financed and (this hurts) probably smarter than us.
We’re not the only ones to fail at turning a good idea into a great business. Look at these Read More→