In 2007 I had an idea for a social network. It took until 2012 to get it planned out, minimally invested and a MVP was launched and is live.
On the surface, it’s a simple idea. Very simple. When users first land at the site, the feedback on the top level idea has been tremedous even after all of these years. ‘Unique’ is the number one initial response with a smattering of ‘very interesting’, ‘how fun’ and a bunch of ‘I can’t believe this doesn’t exist’. Once the users start clicking around the site they get put off as they can’t do what they want to do -it is a highly functional MVP but they don’t know that – and they leave.
The problem is I’ve had the same reaction from investors.
The issue is that they are only seeing the highest level of the idea, just the surface. The MVP only covers about 50% of all functionality and minimially at that. There is so much more to the idea that takes explaination and attention (data mining and data structure, NLP, behavioral targeting, branding/expansion structure, etc) but these things (and they are important as they speak to revenue) end up to be just secondary to a ‘good’ idea that has been executed poorly.
I feel I should slap a big banner on every page of the site that says “This is just a shitty representation of a much larger idea” so that people will quit critiquing what has been done. Or maybe it would be better to take it down and just slap a screenshot/presentation in it’s place.
Secondly – I am 100% out of funds to do anything with it. In fact, I don’t have the money to even find someone to log onto the server and slap a banner on the homepage. Unemployed, on assistance (yep – that bad – sucks) and scrambling. Paying the minimal hosting at AWS might be too much soon.
I don’t bring that up to elicit pity, it just adds into the quation of – have a good idea (or so they say) that acts as a dangling carrot just out of reach and can’t make it work.
I continue to go to the three top startup meetup groups (including Boulder), have presented twice (Boulder Tech) and continue to get my MVP picked apart. It seems the $50K I spent on it should have been $25K and I would have better luck.
So the quesiton is, what would you do if you made your MVP too good to be *minimal* but too bad to be *viable*.