My thesis of this blog post is: law firms and web startups have one HUGE common denominator (the ~=~ means common denominator in brail). So, what is this common denominator? How could a law firm and a web startup have anything in common? I promise they do – but first I must tell you a little story.
I’m sitting in my “Business Planning” class, in law school, and discussing what happens when one lawyer, with all the clients, wants to leave the firm. You see in law firms clients are the number one asset, and when one lawyer wants to leave it’s a big deal. I digress. My point is clients are important – VERY IMPORTANT!
What people fail to realize when starting a web startup is that the USER is the most important asset of the startup. Sure, patents and IP are important, but at the end of the day, if no one is using your product, it’s not that valuable. This may seem like common sense to most of you reading this BUT “common sense isn’t so common.”
When designing JOTWOL we were asked everyday by blogs, mentors, users, friends, and colleagues, “HOW ARE YOU GOING TO MAKE MONEY?” This question threw us off course, more than once, from developing a product that users loved. And we apologize for our stupidity.
To our users: We promise to put you first. You are the ones who make jotwol an awesome place. You are the ones who make it fun for us to continue development even though we are too tired to carry on.
To the Entrepreneurs: Don’t worry about montization – that doesn’t mean you shouldn’t research and put in the necessary due diligence required to run a business – it just means to put it second, third, or even forth on the list of importance.