I’ve been working on this idea to create a free advertising social media platform for some time now. I have a business plan, an execution plan as well as make initial contact to some prospective investors. I’m currently in the process of creating a business entity and looking for a couple tech co-founders to launch this idea. I live in Pittsburgh and I’m wondering if it is a whole lot better and easier to launch your tech startup in Silicon Valley considering easy access to tech talents and capital?
If you're seeking talents i would say hire a CTO first and let him/her hire remote devs screening them out through interviews. This will cost you less and your CTO will take care about your team and technical stuff going around.
The question is too broad - It depends on the space you are in (I get you are in social) - FinTech is better in NYC, entertainment in LA, Boston and Seattle have strong biotech, cloud and HC related, security is strong in the DC area.
For social, it is likely better to be in SV for access to talent in the space, particularly in the user experience, but its a tough environment to get funding done - they have shied away for some time due to the FB dominance. Andreessen Horowitz is vocal they would not invest in one.
I do not understand a revenue model for a free advertising version of anything.
Thank you for the reply!
Yes it’s a free advertising social platform but I do have a path to a revenue stream and profitability for the platform.
I also have a strategy to enter China market as well. I know it’s very ambitious and you will be asking how is it going to be different for this platform? And what is stopping China from blocking us out and have their people copy the exact idea and create a platform for the China market. I believe because of the nature of the platform, China will have incentives to allow this platform to operate in China.