Don’t build a business without a market
January 22nd, 2012 at 7:52 pm ETThis engaging postmortem account by Mark Hendrickson of what went wrong at Plancast got me thinking about our experience at BusyTonight, a late, great search engine technology startup where I was a principal. It was a great career experience for me, but we did a lot of things wrong, spent a lot of money that will never be returned (mostly lent by friends and family), and closed after about two years with no sales and no prospects.
User experience consultant Whitney Hess, who brought the story to my attention, called it a case study of what happens when you don’t do your user research, and that’s probably right. We didn’t either — we went into the development of BusyTonight with plenty of technical knowledge, an understanding of the problem we wanted to solve, a solid approach, and talented staff. The thing we didn’t have (aside from “enough money,” of course, and a host of other things that would have benefited us) was any evidence that anyone would want to buy the thing we were selling. Or, to put it another way, nobody cared enough about the problem we were trying to solve to get excited about our solution. And we didn’t give enough credence to inferior but better-funded and better-marketed alternatives, which eventually ate our lunch.
I landed on my feet, as did my two partners. But it would have been nicer if instead we had made our fortunes, no?




Rich Mintz blogs on online fundraising and social media, American history and culture, bicycling and urbanism, food, technology, and other topics. Professionally, he's an expert in fundraising, constituency development, and social media for nonprofits, cultural organizations, cause-related marketers, and corporations. He is based in New York, where he serves as Vice President, Strategy, for 