So last week was the first of my entrepreneurial adventures! The week seemed a pretty normal one until the very last day! Friday turned into a good lesson learning day for us! We found out that one of the ideas that we had been working on for the past few months was actually launched by another company! We were a bit disappointed but on the positive side, we are now more confident about our ideas. It seems like we have excellent ideas of products that we think will work and they do work, as a couple of them have actually been launched by other companies.
The second thing we have learnt over the past week is that it is very hard to compete with Big Companies and corporations. We are working in a particular display technology, and it seems like this Big company that is the market leader and owns the patent doesn't like small startups to work in its domain! Even talking directly to them doesn't help. Seems like they want to have a say in everything that is built based on this technology! So either you give them 100,000 orders for their display or you probably work for them. So much for innovation! So now it boils down to two things! Either we figure out a way of working with similar technology but sourced from somewhere else (China of course) or we go back to the drawing board! The only thing we need to figure out is that the Chinese technology doesn't infringe any patents! Finger crossed!
No comments:
Post a Comment