Lessons From Launching New Products

We started toying around with the idea of Relaborate a little more than a year ago, in late 2011. In the beginning, we weren’t really sure what was going to happen with it, but everybody we talked to seemed to think it was a really cool idea.

These last months have been a great education in learning the differences between a “really cool idea” and “something that I immediately want to invest money in.”

There are a lot of hurdles to jump through to raise money. It’s not about the idea. It’s about being able to quantify an addressable market, convincing people your team is solid from top to bottom, and showing enough of the product that they can see the potential without criticizing the present MVP version.

It’s been a long and funny road, and I’m sure like any entrepreneurial organization, we’ve made some missteps along the way. But here we are in April 2013, with a brand new release of the product that we really think is starting to live up to the expectations we had when we first conceived it. And other people are saying nice things too.

So I guess my moral for this personal blog post is that it’s never just about the idea. Ideas are easy. People invest in execution. So if you have something that you’re sure will be a success, keep plugging away at it. Don’t expect to be rewarded for simply having an idea. The real effort is in taking that idea and making it something somebody else will understand and use.

They say there’s a very thin line between being an entrepreneur and simply being insane, and we probably straddled that line a few times in the recent months. After all, to start a new company you have to build something that no one else thinks is worth building, or they’d be doing it themselves. There’s something a little inherently nuts in that.

So if your reader of this blog, I expect you to run over to Relaborate.com and sign up for the trial of our new product. Read this blog and if you know me, I’m sure you’ll end up getting a discount (if you ask). Let your marketing people test it out, and if you end up bringing it in your organization, you know I’ll be the first one by you a round of drinks.

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