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MD. SAQIB
Hey I am on Medial • 1y
Nintee has officially declared its wrap up. Startup funded by people such as "Kunal Shah". Here are two reasons why a so called "AI" based startup didn't worked out. 1. Easy availability:- the problem which they were trying to solve was not even a problem, people can easily have that content from YouTube and believe me people in India still prefer a real person over an algorithm or "AI". 2. Market size:- There's not many health freaks in India who wants a healthy lifestyle and those who even want it they would prefer YouTube or just reading books. If you guys have some more reasons then please share in the comments. Now coming to the lesson/learning:- If your startup isn't working out just shut it down and switch to something else. Here, founder could have easily said that he will continue with this no matter what the market will tell, since he have big names as angel investors so he will just go on but he took the other way round. That's hard true entrepreneurship.
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