Finding Profitable Startup Ideas
It&#x27;s interesting that of the many friends I have who started companies (10 - 12), only two of them didn&#x27;t receive funding. Both businesses built from scratch and now have a revenue somewhere in the neighborhood of $1m a year after two years. That&#x27;s honestly pretty good IMO.<p>The other eight or so friends who started companies accepted some form of money. Of those, only two are still in existance. The survival rate of the other guys are 2&#x2F;2, the survival rate of the funded startups to-date is 2&#x2F;(8-10) or &lt;25%.<p>I think part of that is simple because the people who didn&#x27;t have funding didn&#x27;t have a choice. It was survive or die.<p>It reminds me of probably the wisest words I&#x27;ve read regarding startups:<p>&gt; Startups rarely die in mid keystroke. So keep typing!<p>- How Not to Die by Paul Graham[1]<p>The point is, focusing on something practical that doesn&#x27;t need funding is like the easiest way to succeed and also find real problems. I&#x27;ve accidentially stumbled on solutions to problems other people have had and often those are the greatest little apps that can make you a steady income.<p>[1] <a href="http:&#x2F;&#x2F;www.paulgraham.com&#x2F;die.html" rel="nofollow">http:&#x2F;&#x2F;www.paulgraham.com&#x2F;die.html</a>