Top Tweets for #spactech

1. Eliminate all government funded startup „competitions“ and instead spend the money to purchase targeted pilot products to help small startups find their product market fit with minimal MVPs for current issues all over the administration that is waiting to be digitized anyway. 2. Buy the product in bulk order to create just enough Cashflow to deliver a first scalable attempt to a subgroup of ideal customers while financing a bootstraped startup to build the tech. Iterate slowly and adjust the tech as you see the issues arise that eventually arise when onboarding your first „real“ customers until the business model becomes profitable with a small but justifiable path to growth. 3. If this is successful you just need to scale the tech to grown a profitable company, which is not the issue anymore. That would be aggregating all the talent that will actually run the business side of things. When IT products scale they quickly require a large amount of deeply personal customer support to quickly detect painpoints as well as upsell opportunities. Queue HR demands for human developer and sales teams. If the product has a market and is just starting to scale up, you get a chance to potentially join the best time of a company period. That’s what will motivate the real talents to join, grow and accumulate the needed experience to scale more startups in Europe. Imagine a scenario where the government offers many small ready-to-go product ideas that people just have to testdrive as a business model. The issue is the technical competence just isn’t there to articulate which solutions are actually required at a low level, which we need desperately to avoid a bunch of high level mini-problem-solver businesses that all just heal symptoms instead of underlying inefficiencies. There are a few initiatives working on this but it really is a hard push here in Europe, especially in Germany. However, if we just can get a few small positive examples running down this blueprint we should be able to demonstrate the effectiveness of this plan 🚀