So would you set up a site that pretends to be the real thing but has the disclaimer that it's not real yet? Or would you set up a site that specifically asks for feedback to your idea, maybe with a survey or something?
I think - being literal-minded computer folks - we are taking elements of this process too literally.
I read the article and it is clear that several things happened.
- The founder simply hypothesized a product, wrote a data sheet for it, and started to market it.
- The article says that he cold called hundreds of prospects (personally) and he spoke of a product being ready in 90 days. I doubt any normal human could productively cold call more than a couple of dozen people per week, and speak to all of them on a professional level.
- Therefore, he was stating a 90 day lead time on a product that his first prospects in the process would not actually see for several more months.
- Therefore it just doesn't add up that he whipped up something almost overnight. Or in 90 days. He probably had more like 4-6 months
of this entire process to consider the feature set.
- And he had a razor sharp concept of the product when he finally sat down to code it. Likely it was pathetically simple in concept, it had exactly what he needed to sell to his prospects.
I believe it's doable.
The thing to keep in mind is that if you are fresh out of the chute and making contact with people who don't know you, as an unknown you have no reputation to protect. If some salesguy called me and proposed some "definite" gee whiz thing that I could really use, and said it would be ready in 90 days, I would not hold my breath.
And if he got back to me in 4 or 5 months with a product for sale, and if I had the same needs at that same time, I would welcome the contact. I would not look at it as "he wronged me by being late". I would rather marvel "gee, he came through, I can use this!"
Conducting this process like a survey would be precisely the
wrong thing to do. It would not create an appetite, and it would result in brush-offs.
The only way this guy's prospects took him seriously was for him to speak of the product as a definite thing in the present tense.
Since he accepted no money up front from customers, and he was not asking these prospects to change their way of doing business sight unseen, I think that what he did in this "pre announcement" bootstrapping was simply high aggressive and forward looking - not fraudulent in any way.
If he did
not deliver, then none of his prospects lost anything.
I completely grok what the guy did and how he approached it. This has to be one of my favorite Inc. articles.
It seems quite doable, just arduous and requiring a ton of discipline.