Ask YC: Competitor flying under us...
DISCLAIMER: This is kinda long, but if you take the time to read it I will buy you a karma lollipop. I remember distinctly reading one of PG's maxims: Never let anybody fly underneath you. And we never have. We are a low cost provider of a hotly demanded product that appeals to public/overnment clients. These particular entities usually pay anywhere between $100K and $20M to have this type of system installed, and can pay ongoing fees anywhere from $500 a month to $500K a year, depending on the size of the organization being outfitted. Suffice it to say that there is a huge market for this product...many many of these organizations all dying to have the product. We have done well with well over $500K in revenue in <2 years, no funding, and a win in a big name startup contest that netted us $100K in cash and prizes out of 250 entrants we competed against. There are about 6 competitors
Why it failed
DISCLAIMER: This is kinda long, but if you take the time to read it I will buy you a karma lollipop. I remember distinctly reading one of PG's maxims: Never let anybody fly underneath you. And we never have. We are a low cost provider of a hotly demanded product that appeals to p
- Kind
- startup
- Status
- Shut down
- Inventor
- theyoungceo
- Ended
- 2008
- Source
- hackernews